IntercontinentalExchange Group (ICE) Acquires Trayport for $650M in Stock
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BGC and GFI Announce Agreement to Sell Trayport to Intercontinental Exchange for $650 Million
November 16, 2015 7:30 AM ESTNEW YORK, Nov. 16, 2015 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners" or "BGC" or the "Company"), a leading global brokerage company servicing the financial and real estate markets, and its majority-owned division, GFI Group Inc. (OTC: GFIG) ("GFI Group" or "GFI"), a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets, today announced that GFI has entered into an agreement to sell its Trayport business to Intercontinental Exchange, Inc. (NYSE: ICE) ("Intercontinental... More
Intercontinental Exchange to Acquire Trayport from BGC Partners and GFI for $650 Million in Stock
November 16, 2015 7:30 AM ESTATLANTA & LONDON--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that it has 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 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.... More
