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)
