The 10-year-old trading business is the leading electronic marketplace for the natural gas liquids (NGLs) and chemicals markets, which have a notional value of approximately $150 billion.
The deal bolsters ICE’s position in the US physical gas and power markets. Terms of the deal were not disclosed.
ChemConnect has transitioned its electronic markets from its former platform to ICE's electronic trading platform. ChemConnect's NGL markets include propane and ethane, while its chemicals