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S&P Capital IQ buys CMA from CME Group

02 July 2012  |  2594 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. 

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