CME Group has acquired Credit Market Analysis Ltd., a provider of credit derivatives market data.

The firm says that this deal offers the potential to leverage its clearing and trade execution capabilities, enhancing CMA’s products to create greater value and efficiencies for its customers. CMA currently offers two products to over-the-counter credit derivative market participants, primarily focused on asset managers, hedge funds and other buyside participants.

As a wholly owned subsidiary of CME Group, CMA will remain headquartered in London and will continue to operate under the CMA name. Laurent Paulhac will continue in his role as the company’s chief executive officer and the existing CMA management team is expected to remain in place.

“When we think of diversification at CME Group, we look beyond asset class diversity and think more strategically in terms of products and services where we believe we can deliver innovation and create new value for the market,” said Terry Duffy, CME Group executive chairman. “We are pleased to add CMA’s data products to the services we provide and believe that we can help them enhance their offerings, creating a higher level of market efficiencies and transparency. We will continue to look for strategic opportunities through alliances, joint ventures and acquisitions, which can further our continued growth and our ability to deliver value to our customers and shareholders.”

Under the agreement, CME Group, through its subsidiary CME Swaps Marketplace Ltd., will purchase 100% of the share capital of CMA, all of its operating assets and intellectual property. Further terms of the sale were not disclosed.