Global exchange operator Intercontinental Exchange (ICE) has been told to sell its energy trading firm it bought last December. That’s the final decision from the Competition and Markets Authority (CMA) following an investigation, which states the $650 million purchase of Trayport could reduce competition between ICE and its rivals to launch new products, find innovative trading […]

A $650 million (£445m) energy trading software merger has been referred to the Competition and Markets Authority (CMA) for an in-depth investigation. Intercontinental Exchange (ICE), a global operator of exchanges and clearing houses, has its own software that facilities trading of energy commodities. Its takeover of London-based Trayport, a provider of software which also facilitates […]