ICE acquires ChemConnect's commodity business

ChemConnect's NGL markets include products such as propane and ethane, while its chemicals business includes commodities such as ethylene, propylene and benzene. ChemConnect will transition its electronic markets to the ICE electronic trading platform, as well as transition the ChemConnect data business to ICE Data during the same period.

NGL prices are correlated with natural gas and crude oil prices, and, according to ICE, “these products are a natural extension to those products currently

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