We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Intercontinental Exchange Inc. (ICE - Free Report) recently closed the acquisition of S&P Global Inc.’s (SPGI - Free Report) Standard & Poor’s Securities Evaluations (‘’SPSE’’) and Credit Market Analysis (“CMA”). These assets under the S&P Global Market Intelligence business unit were purchased from McGraw Hill Financial for cash. The transaction was announced this March.
SPSE specializes in providing fixed income evaluated pricing, while CMA is a leading provider of independent data for over-the-counter markets, including credit derivatives and bonds. Post integration, SPSE will be known as Securities Evaluations.
SPSE and CMA will now be part of the array of data products and services offered by Intercontinental Exchange. The suite comprises ICE Data Services, Intercontinental Exchange’s end-to-end solution for information, analytics and connectivity. These services offer proprietary data and tools for global markets across fixed income, equities, commodities, FX and options markets.
The acquisition will help Intercontinental Exchange address the increasing demand for independent data in the global fixed income and credit markets. Hence, these units will cater to the demand for risk management and valuation services. On the other hand, McGraw Hill Financial divested the units owing to its lack of exposure in securities pricing.
The Zacks Rank #3 (Hold) securities exchange has a solid track record of strategic buyouts including CLE, TradeCapture OTC, WhenTech, the part-acquisition of Cetip, and Singapore Mercantile Exchange. The most significant of these deals is the acquisition of NYSE in Nov 2013, which consolidated Intercontinental Exchange’s position as a premier stock trading platform. The takeover also made transformed the company into the second-largest global exchange group, allowing over 60% accretion in market capitalization. This June, the company entered into an agreement with MERSCORP Holdings, Inc. to acquire a majority equity position in Mortgage Electronic Registrations Systems, Inc. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Acquisitions seem to be a well-accepted strategy in the securities exchange space to add capabilities to product and service offerings. Last month, CBOE Holdings Inc. (CBOE - Free Report) announced its decision to acquire Bats Global Markets for $3.2 billion in a cash-stock deal to address the increasing demand for index–based investing market.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Intercontinental Exchange Closes SPSE, CMA Asset Buyout
Intercontinental Exchange Inc. (ICE - Free Report) recently closed the acquisition of S&P Global Inc.’s (SPGI - Free Report) Standard & Poor’s Securities Evaluations (‘’SPSE’’) and Credit Market Analysis (“CMA”). These assets under the S&P Global Market Intelligence business unit were purchased from McGraw Hill Financial for cash. The transaction was announced this March.
SPSE specializes in providing fixed income evaluated pricing, while CMA is a leading provider of independent data for over-the-counter markets, including credit derivatives and bonds. Post integration, SPSE will be known as Securities Evaluations.
SPSE and CMA will now be part of the array of data products and services offered by Intercontinental Exchange. The suite comprises ICE Data Services, Intercontinental Exchange’s end-to-end solution for information, analytics and connectivity. These services offer proprietary data and tools for global markets across fixed income, equities, commodities, FX and options markets.
The acquisition will help Intercontinental Exchange address the increasing demand for independent data in the global fixed income and credit markets. Hence, these units will cater to the demand for risk management and valuation services. On the other hand, McGraw Hill Financial divested the units owing to its lack of exposure in securities pricing.
The Zacks Rank #3 (Hold) securities exchange has a solid track record of strategic buyouts including CLE, TradeCapture OTC, WhenTech, the part-acquisition of Cetip, and Singapore Mercantile Exchange. The most significant of these deals is the acquisition of NYSE in Nov 2013, which consolidated Intercontinental Exchange’s position as a premier stock trading platform. The takeover also made transformed the company into the second-largest global exchange group, allowing over 60% accretion in market capitalization. This June, the company entered into an agreement with MERSCORP Holdings, Inc. to acquire a majority equity position in Mortgage Electronic Registrations Systems, Inc. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
INTERCONTNTLEXC Price
INTERCONTNTLEXC Price | INTERCONTNTLEXC Quote
Acquisitions seem to be a well-accepted strategy in the securities exchange space to add capabilities to product and service offerings. Last month, CBOE Holdings Inc. (CBOE - Free Report) announced its decision to acquire Bats Global Markets for $3.2 billion in a cash-stock deal to address the increasing demand for index–based investing market.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>