CEO admits firm looking at the energy trading software company that Intercontinental Exchange must sell to appease UK competition authorities

Michael Spencer said today that trading technology company NEX Group is unlikely to make a bid for Trayport, the energy trading software company that Intercontinental Exchange must sell after losing a battle with UK competition authorities.

The UK's Competition and Markets Authority last week 

told ICE to press on with the sale of Trayport and unwind a commercial agreement between the companies

. ICE bought the energy software provider for  $650m in late 2015.

Michael Spencer: NEX ‘unlikely’ to bid for ICE’s Trayport

Michael Spencer: NEX bid for ICE’s Trayport ‘unlikely’

Samuel Agini

NEX Group

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