S&P Capital IQ, a business line of McGraw-Hill, offering multi-asset class data solutions, market research and portfolio risk analytics to global investors, has completed its acquisition of London-based Credit Market Analysis, which provides data in the over-the-counter markets, from CME Group.

Financial terms of the deal were not disclosed in a statement from S&P Capital IQ.

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 yesterday.

The purchase of CMA was made after the recently announced acquisitions of Toronto-based R2 Financial Technologies and Paris-based QuantHouse. These deals provide S&P Capital IQ with “the components necessary to offer its clients broad market data and risk analytics platforms in the industry”, the firm said.

“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.

Research from S&P IQ on economics and markets is carried regularly by this publication. To see examples, click here.