ICE Closes Acquisition of ChemConnect's Commodity Trading Business
Also, ChemConnect transitioned its electronic markets from its former platform to ICE's electronic trading platform, where customers will benefit from a more comprehensive product offering in a single marketplace on the ICE platform. ChemConnect's NGL markets include propane and ethane, while its chemicals business includes commodities such as ethylene, propylene and benzene.
Terms for the cash transaction were not disclosed.
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