Tag: Competition and Markets Authority (CMA)

August 16, 2016 BY Valentina Kirilova

CMA sets out provisional concerns about ICE/Trayport merger

The Competition and Markets Authority (CMA) has provisionally found that ICE’s acquisition of Trayport may give rise to competition concerns. The operator of exchanges and clearinghouses in the trading of European utilities, Intercontinental Exchange, Inc. (ICE), has its own proprietary software which allows trading of energy commodity and utility derivatives on its exchanges. Trayport’s software…

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April 27, 2016 BY Maria Nikolova

UK CMA refers ICE-Trayport merger to phase 2 investigation

The UK Competition and Markets Authority (CMA) today announces its decision that the merger of Intercontinental Exchange Inc (NYSE:ICE) and Trayport has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. As a result, the merger will be referred for a phase 2…

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