Unnamed party offering $50 million
Deal will maintain all existing WCE staff
Intends to file proxy statement to oppose CME acquisition of CBOT
IntercontinentalExchange, Inc. today announced that it has entered into a definitive agreement to acquire ChemConnect, Inc.’s commodity trading business. ChemConnect is an electronic marketplace for the US$150 billion U.S. natural gas liquids and chemicals markets. Its NGL markets include products such as propane and ethane, and its chemicals business includes commodities such as ethylene, propylene […]
Pact with CBOE could help bid for Board of Trade
However, Q1 represents the first quarter that NYBOT is included in ICE’s financial results
Exchange will have the exclusive right to license the indexes for exchange settlement and clearing
Integrated trading, clearing offering to transform the markets for physical gas and power in U.S., Canada
Talks permitted under merger agreement with CME
Exchanges preparing to launch electronic trading of NYBOT products