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Commodities Briefing - Categorized | Commodities Exchanges, M&A more

Financial Technologies sells Singapore commodities bourse to ICE

Posted on 20 November 2013

Embattled Financial Technologies (India) Ltd is selling its Singapore Mercantile Exchange (SMX) unit to Intercontinental Exchange Group Inc for $150 million.
Analysts had expected Financial Tech would shed some of its ownerships in exchanges to protect its core trading platforms business as the company faces regulatory scrutiny that has sent its shares down more than 80 per cent this year……………………………………Full Article: Source


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