LONDON--(BUSINESS WIRE)--As announced on March 6 2017, the Competition Appeal Tribunal (CAT) has upheld the Competition and Markets Authority (CMA) decision that ICE should divest Trayport.
Following careful consideration of the CAT's judgment, ICE has requested permission from the CAT to appeal to the Court of Appeal.
In the interim, Trayport will continue to be operated separately as it is today, and ICE will continue to engage with the CMA on the remitted issues regarding the new agreement between ICE and Trayport.
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