BGC puts Trayport on the market
BGC Partners said in April that it plans to sell Trayport, the energy trading platform that is part of GFI Group, the interdealer broker that BGC bought earlier this year. One possible buyer is CME Group, which made an offer for GFI last year that was largely based on its interest in Trayport and Fenics.
“We expect numerous parties to be interested in acquiring this business at a valuation that reflects its high margins, growth rate, leading technology and strategic importance in the global energy and commodities markets,” said Howard Lutnick, the chief executive officer of BGC. He added, however, that BGC plans to retain Fenics, another GFI subsidiary that provides FX options pricing and analytics.
