trending Market Intelligence /marketintelligence/en/news-insights/trending/9KS7sxkNNUiXNFm7BhuEAg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

ICE's Trayport deal could face detailed UK CMA probe

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


ICE's Trayport deal could face detailed UK CMA probe

TheU.K. Competition and Markets Authority warned thatits acquisition of London-based energy trading software provider Trayport Ltd. wouldface an in-depth investigation unless ICE is able to address competitionconcerns.

TheCMA said it is concerned that ICE could use its ownership of Trayport'ssoftware to raise prices and/or reduce the quality of its service to rival exchanges,brokers and clearinghouses to divert its rivals' trades to ICE's exchange andclearinghouse, according to an April 27 press release.ICE has until May 5 tooffer undertakings that address competition concerns.

ICEcompleted itsacquisition of Trayport from BGCPartners Inc. and GFIGroup Inc. in December 2015.