Intercontinental Exchange Completes Acquisition of Trayport
ATLANTA & LONDON--(BUSINESS WIRE)--
Intercontinental Exchange (NYSE: ICE), the leading global network of
exchanges and clearing houses, today announced it has completed its
acquisition of Trayport from BGC Partners and GFI for approximately $650
million, comprising approximately 2.5 million ICE common shares. The
transaction was announced on November 16, 2015, and will help ICE
provide new services to the European over-the-counter (OTC) energy
markets.
"We will continue to invest in the Trayport platform, maintaining and
enhancing its current model to serve the European OTC markets by
facilitating the interaction of brokers, utilities and end users,
clearing houses and other market participants,” said ICE Chairman and
CEO Jeffrey C. Sprecher. “As the European energy markets evolve, we look
forward to supporting and developing Trayport’s market leading
technology to assist the management of price risks in a liquid,
broker-centric marketplace."
As part of ICE, Trayport will continue to be based in London operating
as currently to serve the needs of the energy markets with its existing
technology platform and services.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) operates the leading network of
regulated exchanges and clearing houses. ICE’s futures exchanges and
clearing houses serve global commodity and financial markets, providing
risk management and capital efficiency. The New York Stock Exchange is
the world leader in capital raising and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at www.intercontinentalexchange.com/terms-of-use.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 - Statements in this press release regarding ICE's business that
are not historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of additional risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2014, as filed with the SEC on February 5, 2015.
SOURCE: Intercontinental Exchange
ICE-CORP

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ICE
Kelly Loeffler
+1 770 857 4726
kelly.loeffler@theice.com
investors@theice.com
media@theice.com
Source: Intercontinental Exchange