ICE has until May 6 2016 to address the CMA's competition concerns
Exchange’s acquisition of Trayport could be
referred for an in-depth investigation by the Competition and
Markets Authority (CMA) over concerns that the exchange giant
could use Trayport’s services and products to
divert trading from rival exchanges.
The UK’s competition
authority has been investigating the deal due to its own and
"extensive third party" concerns since January and has now
completed the phase one investigation.
"The CMA has taken the decision to
escalate and refer the case for an in-depth phase two
investigation, unless ICE can offer actions to address the
competition concerns that we have raised," a spokesperson told
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