ICE moves into UK gas and power market

The exchange, which bought the London International Petroleum Exchange (IPE) in May, entered into agreements with eight firms involved in the sale and trading of UK natural gas, including BO Gas Marketing Limited, Gaselys, Powergen UK, Shell Energy Trading and TXU to support its venture. ICE said the eight companies, by commiting trading to support initial levels of liquidity, will act as a catalyst for the new platform.

Initially, ICE will trade gas at the UK National Balancing Point (NBP),

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