LONDON--(BUSINESS WIRE)--As announced on 6 March 2016, the Competition Appeal Tribunal (CAT) has reversed the Competition and Markets Authority (CMA) decision that the new agreement between ICE and Trayport should be terminated, and remitted this issue to the CMA for reconsideration.
We note that the CMA has today published its administrative timetable for the remittal.
We look forward to engaging with the CMA on the remitted issues. We are hopeful that the CMA will recognize the merits of customers gaining access to additional Trayport connectivity and greater access to relevant markets through the agreement.
In the interim, Trayport will continue to be operated separately as it is today.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) operates the leading network of regulated exchanges and clearing houses, and is a provider of global data and listing services. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.
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SOURCE: Intercontinental Exchange