When did TMX acquire Trayport?
TMX Group Limited, the Canadian financial services organization operating the Toronto Stock Exchange, officially completed its acquisition of Trayport, a leading provider of energy trading software and connectivity solutions, in 2008. The strategic purchase was intended to bolster TMX's technology capabilities within the international energy derivatives trading market. However, after several years of operation, TMX Group subsequently sold Trayport to the Intercontinental Exchange in 2015 for approximately 650 million dollars following heightened antitrust scrutiny from European competition regulators regarding market competition concerns within the trading software sector.
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