Intercontinental Exchange to Acquire Trayport from BGC Partners and GFI for $650 Million in Stock
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IntercontinentalExchange Group (ICE) Acquires Trayport for $650M in Stock
November 16, 2015 7:36 AM ESTIntercontinentalExchange Group (NYSE: ICE) entered into a definitive agreement to acquire Trayport for $650 million in ICE common stock. Trayport is a subsidiary of GFI Group, which was acquired by BGC Partners (NASDAQ: BCGP) in March 2015. Trayport licenses its technology platform to serve brokers for electronic and hybrid trade execution primarily in the European over-the-counter (OTC) utility markets. The transaction will enable ICE to provide new services to the European OTC energy markets, including European power, natural gas and coal.
Based in London, Trayport will continue to serve its... More
