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ICE to Buy Singapore Mercantile Exchange for $150 Million

Traders Magazine Online News, November 19, 2013

Joyce Koh and Chanyaporn Chanjaroen

IntercontinentalExchange Group Inc. agreed to buy Singapore Mercantile Exchange Pte for $150 million to add commodity futures trading in Asia, where China reigns as the biggest user of everything from energy to metals. Last week the bourse closed its acquisition of NYSE Euronext..

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