ICE to acquire YellowJacket

Electronic exchange and over-the-counter (OTC) market operator IntercontinentalExchange (ICE) is to acquire YellowJacket Software.

The new business will be operated as a wholly owned subsidiary of ICE.

YellowJacket is a financial technology firm that operates an electronic trade negotiation platform. The platform offers a range of trading tools including instant communication, negotiation and data, enabling traders to aggregate and consolidate fragmented instant message-based communications and key transaction details on a single screen.

Markets currently served include weather, natural gas, power and crude oil.

ICE expects

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