Interdealers interconnected

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 wor

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