The Intercontinental Exchange, a global over-the-counter energy trading venue, may seal its acquisition of the New York Board of Trade, the soft commodities exchange, before the week is over, according to source a close to the talks.

The New York Post reported the impending deal citing sources that valued Nybot at about $1bn (€780m), a price tag that may be deemed low by some exchange members. Nybot, the home of coffee, sugar and cocoa trading, said last month that it was in merger talks with several parties.