Intercontinental Exchange is set to wrap up its acquisition of two S&P Global businesses following clearance by the US Department of Justice.
ICE, an exchange and clearing house operator, is buying Securities Evaluations (SPSE) and Credit Market Analysis (CMA), two assets within the S&P Global Market Intelligence division.
In a statement ICE said it expects to fund the purchase price with cash and the transaction is expected to close in October, at which time SPSE and CMA will become part of ICE Data Services.
NYSE-owner ICE announced its intent to acquire the companies back in March with an objective to offer its customers around the world new data and valuation services.
The sale price wasn't disclosed but move highlights the continued push into data services by the group.
Last year ICE paid $5.2bn for Interactive Data Corp, which serves traders, mutual funds, banks, hedge funds and others.
“We believe this transaction
will support ICE Data Services’ strong commitment to drive innovation and best-in-class service to meet our customers’ growing data needs,” said Lynn Martin, president and chief operating officer of ICE Data Services.
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