The Business Times
business-time-50

NYSE-owner ICE to buy trading platform for US$650m

google-preferred-sourceAdd BT as a preferred source
Published Mon, Nov 16, 2015 · 01:16 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

[BENGALURU] Intercontinental Exchange Inc, the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for US$650 million in stock.

ICE said the deal would help it to provide new services to the European over-the-counter energy markets, including power, natural gas and coal.

GFI Group is a majority-owned unit of BGC.

REUTERS

Share with us your feedback on BT's products and services

Feedback

TRENDING NOW

Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

In taxing wealth, how far can Singapore push property owners?

In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

Middle East-linked energy supply shocks put Asean Power Grid back in focus

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More