Intercontinental Exchange Inc, owners of the New York Stock Exchange, announced it would purchase commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for $650 million in stock. The firms said the would help provide new services to the European markets, including power, natural gas and coal. GFI will receive 2.5 million shares of ICE as part of the transaction. ICE may pay cash in part of all as a substitute for stock, according to BGC in a statement. Trayport is a subsidiary of GFI Group, who BGC Partners acquired in March. ICE’s financial adviser for the deal is Goldman Sachs & Co and its legal adviser is Shearman & Sterling LLP. BGC hired Fitzgerald & Co as its financial adviser and Wachtell, Lipton, Rosen & Katz as its legal adviser.