CME Group has acquired market data firm Credit Market Analysis (CMA), a move that moves the exchange further into the $46 trillion OTC credit derivatives market.
CME Group said CMA, which collects and disseminates data on the OTC credit derivatives market, provides it with the potential to use the Chicago exchange’s clearing and trading platform. An exchange spokesperson said there are no definitive plans as to how CME Group might use CMA to move into the credit derivatives market although the deal could set the stage for an OTC clearing or transaction initiative.
CME Group CEO Craig Donohue...