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
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.
