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ICE to expand OTC options covererage

by Paul Francis-Grey

Intercontinental Exchange (ICE) has followed similar footsteps to rival New York Mercantile Exchange (Nymex) by acquiring an OTC energy broker. ICE has bought Chatham Energy Partners for an undisclosed amount nine months after Nymex purchased a 19% stake in natural gas OTC broker, Optionable only months before the company lost around $407m in the energy market. This subsequently led to the...

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