Interdealers interconnected
GFI's purchase of Trayport emphasises how electronic trading is changing the energy market landscape, finds Roderick Bruce
Interdealer broker (IDB) GFI's EUR84 million purchase of software company Trayport is the latest technology-driven M&A deal in the energy markets, and while it puts the IDB in a strong strategic position, it has caused disquiet among competitors.
GFI's move for Trayport gives the IDB a "tremendously important strategic position", according to GFI CEO Michael Gooch. Trayport provides front-end trading software to exchanges, IDBs and traders, and is installed on more than 10,000 trading screens
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