November 16, 2015 / 12:50 PM / 2 years ago

NYSE-owner ICE to buy trading platform for $650 mln

Nov 16 (Reuters) - Intercontinental Exchange Inc, the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for $650 million in stock.

ICE said the deal would help it to provide new services to the European over-the-counter energy markets, including power, natural gas and coal.

GFI Group is a majority-owned unit of BGC. (Reporting by Richa Naidu in Bengaluru; Editing by Saumyadeb Chakrabarty)

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