S&P Capital IQ aquires CMA and unveils S&P Dow Jones Indices
Global multi-asset class data solutions provider S&P Capital IQ announced today the completion of the acquisition of London-based Credit Market Analysis Limited (CMA).
CMA, source of independent data in the over-the-counter markets, was acquired from CME Group, as part of an agreement to establish a new joint venture in the index business, S&P Dow Jones Indices, which also launched today.
S&P Dow Jones Indices calculates over 830,000 indices, publishes benchmarks that provide the basis for 575 ETFs globally with $387bn in assets invested, and serves as the DNA for $1.5rt of the world’s indexed assets.
CMA’s clients range from investment banks and asset managers, 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.
“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,”said Lou Eccleston, president of S&P Capital IQ and chairman of S&P Dow Jones Indices.
“S&P Dow Jones Indices represents the next generation of investing and a great partnership between the future McGraw-Hill Financial and the CME Group. More assets are directly invested in products based upon our indices than any other index provider in the world, and that is the by-product of our extraordinary leadership, adaptive platforms and distinctive product offerings,” said Harold McGraw III, chairman, president and chief executive officer of McGraw-Hill.
S&P Capital IQ recently announced the acquisitions of Toronto-based R2 Financial Technologies and Paris-based QuantHouse.