ICE buys Trayport

Intercontinental Exchange (ICE) has agreed to buy Trayport for $650 mllion in ICE common stock. GFI Group is the seller. BGC Partners acquired GFI Group in March. London-based Trayport provides a technology platform to serve brokers for electronic and hybrid trade execution primarily in the European over-the-counter (OTC) utility markets. Goldman, Sachs & Co. advised ICE while Cantor Fitzgerald & Co. advised BGC.

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