26 May 2015

S&P Capital IQ buys CMA from CME Group

02 July 2012  |  2097 views  |  0 Source: S&P Capital IQ

S&P Capital IQ, a business line of The McGraw-Hill Companies (NYSE:MHP) offering global multi-asset class data solutions, market research and portfolio risk analytics to global investors, today announced the completion of its acquisition of London-based Credit Market Analysis Limited (CMA), a leading source of independent data in the over-the-counter markets, from CME Group.

The acquisition was part of an agreement to establish a new joint venture in the rapidly growing index business, S&P Dow Jones Indices, which also closed today. With over $6 trillion in assets benchmarked to S&P Dow Jones Indices' products, S&P Dow Jones Indices is the world's largest, global resource for index-based concepts, data and research. In addition, it is home to iconic financial market indicators, such as the S&P 500 and the Dow Jones Industrial Average.

The purchase of CMA, along with the recently announced acquisitions of Toronto-based R2 Financial Technologies and Paris-based QuantHouse, provides S&P Capital IQ with the components necessary to offer its clients broad market data and risk analytics platforms in the industry.

"Thousands of financial institutions around the world rely daily on CMA's data and technology to provide them with clear, reliable pricing and related OTC information," said Lou Eccleston, president of S&P Capital IQ and chairman of S&P Dow Jones Indices. "This acquisition significantly expands S&P Capital IQ's asset-class coverage for data and pricing and adds the technology to move into intraday quotes on derivative and other OTC securities."

CMA's clients range from some of the largest investment banks and asset managers in the world, to boutique hedge funds and risk management firms. CMA will be integrated into S&P Capital IQ's existing pricing and data businesses, considerably broadening the firm's asset class coverage. 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Top topics

Most viewed Most shared
Cash overtaken by non-cash payments in the...
7301 views comments | 48 tweets | 31 linkedin
UK opts out of European online payments se...
6681 views comments | 21 tweets | 15 linkedin
MasterCard launches personal payments serv...
6281 views comments | 15 tweets | 30 linkedin
Bigger banks may have to set up their own...
5033 views comments | 35 tweets | 28 linkedin
Metro Bank to offer consumer loans via Zop...
4991 views comments | 29 tweets | 21 linkedin

Featured job

to £100K base, 200K ote, stock options, benefits
London, UK

Find your next job