ICE Completes Sale of Trayport to TMX Group in Exchange for NGX, Shorcan Energy and Cash

Intercontinental Exchange (ICE), announced it has completed the sale of Trayport to Canada’s TMX Group in exchange for NGX, Shorcan Energy and £350 million cash. NGX provides electronic trading, central counterparty clearing and data services to the North American natural gas, electricity and oil markets. ICE and NGX have had a longstanding and comprehensive strategic alliance to enable customers to conduct physical clearing for certain natural gas and power hubs through NGX’s clearing house, which is a CFTC-registered Derivatives Clearing Organization (DCO). NGX’s exchange is CFTC-registered as a Foreign Board of Trade (FBOT). Shorcan Energy offers brokerage services for the North American crude oil markets.