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 about $650 million in stock.
Intercontinental Exchange, a 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.

Financial services research firm KBW noted in its Exchanges Volume Weekly report that market volatility ticked up slightly and futures volume grew by 19% over the previous week during a busy week f

A daily summary of news from around the trading world

Late Thursday, GFI Group and BGC Partners reached an agreement on BGC’s tender offer to acquire the company.

After a months-long bidding war, GFI shareholders today rejected the CME bid to acquire the group, leaving room for BGC's competing offer to win out.
With the final shareholder vote coming up on Friday, the CME-BGC bidding war continues to intensify.

NEW YORK, Jan. 28, 2015 -- BGC Partners, Inc.

Two major proxy advisory services have recommendd that GFI shareholders reject the CME buyout deal, a shift from past opinions.
BGC extended its offer to buy GFI by three weeks as it failed to convince shareholders to back the hostile $5.25 per share tender offer, reported the FT.