ICE buys S&P pricing units
Intercontinental Exchange in March announced plans to acquire two data businesses from McGraw Hill: Standard & Poor’s Securities Evaluations, a provider of fixed income pricing, and Credit Market Analysis, a business that provides independent data for the over-the-counter markets.
The acquisition will enable ICE to offer its customers additional data and valuation services. “With rising demand for independent data in the global fixed income and credit markets, this transaction will support the need for innovation and increased risk management and valuation services,” said ICE Chairman and CEO Jeffrey Sprecher.
