A PYMNTS Company

UK: Regulator raises red flag on ICE-Trayport deal

By  |  August 16, 2016

Intercontinental Exchange may be forced to sell Trayport, an electronic trading venue it bought last year, after UK antitrust authorities raised concerns that the $650m purchase could give ICE a commanding position in European energy trading.

The investigation by the Competition and Markets Authority found the deal may lead “to a substantial lessening of competition” and laid out a series of potential remedies. The most drastic would be a sale, although it added that it would also consider changes to ICE’s behaviour or structure to prevent customers and rivals from suffering from a lack of competition.

London-based Trayport is recognised as the pre-eminent platform connecting energy traders, brokers, utilities and resource companies to the market’s electronic trading and clearing systems.

Full Content: Financial Times

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.