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ICE distances itself from UK tech firm

The exchange has signalled its intent to sell off its stake in Fixnetix, acquired as part of its $10 billion takeover of NYSE Euronext last year

IntercontinentalExchange has signalled its intent to sell off its recently-acquired stake in UK technology provider Fixnetix by removing its shareholder representative from the company's board.

Benjamin Chrnelich, chief financial officer of the ICE-owned systems provider NYSE Technologies, left the board of Fixnetix on February 12, according to Companies House filings. He has been replaced by Bob Fuller, Fixnetix chief administrating officer.

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