1 post • Page 1 of 1
Financial and commodity markets operator Intercontinental Exchange (ICE) should consider reversing its $650 million takeover of commodities trading software house, Trayport, according to the Competition and Markets Authority (CMA), Britain’s competition watchdog.
Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!
Trayport’s software permits the trading of energy commodity and utility derivatives. Its software forms an integrated platform which underpins over 85 percent of European utilities derivatives trading.
The CMA is concerned that ICE could use its ownership of Trayport’s software to raise prices and/or reduce the quality of its service to rival exchanges to ... (read more)