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.