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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mcgraw Hill Financial, Inc. | NYSE:MHP | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.18 | 0.00 | 01:00:00 |
By Josh Beckerman
Intercontinental Exchange Inc., continuing to expand its pricing-data offerings, agreed to buy two businesses that are part of S&P Global Market Intelligence.
New York Stock Exchange owner ICE has agreed to purchase Standard & Poor's Securities Evaluations Inc., which provides fixed-income evaluated pricing, and Credit Market Analysis, which offers data for over-the-counter markets.
The sale price wasn't disclosed.
In October, ICE struck a $5.2 billion deal for Interactive Data Corp., which serves traders, mutual funds, banks, hedge funds and others. Among other services, IDC provides hard-to-get data on bond prices.
S&P Global Market Intelligence, a unit of McGraw Hill Financial Inc., said that after reviewing its portfolio, "we determined that we do not have critical mass in the area of securities pricing.
"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," ICE said in a statement.
ICE said Tuesday it is considering a bid for London Stock Exchange Group PLC, a week after Germany's Deutsche Börse said it was pursuing a merger with LSE.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 01, 2016 17:40 ET (22:40 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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