S&P Capital IQ, a business unit of publicly traded McGraw-Hill Co., has acquired R2 Financial Technologies, a provider of advanced risk and scenario-based analytics to traders, portfolio and risk managers for pricing, hedging and capital management across asset classes. Terms of the deal were not disclosed.
S&P Capital IQ, a business of The McGraw-Hill Companies (NYSE: MHP) offering multi-asset class data, research and analytics to global markets and investors, today announced it has acquired R2 Financial Technologies, a leading provider of advanced risk and scenario-based analytics to traders, portfolio and risk managers for pricing, hedging and capital management across asset classes. Terms of the deal were not disclosed.
Lou Eccleston, President of S&P Capital IQ, said, “The acquisition of this innovative company, led by a talented team of experienced and accomplished financial engineers and technologists, strategically complements S&P Capital IQ’s existing capabilities and will enable us to offer the industry’s strongest cross-asset class portfolio analytics. We will now be able to offer clients an integrated view of market and credit risks across asset classes in a unique solution, which is increasingly important for financial institutions that are looking to manage complex and diverse portfolios across the globe.”
R2 Financial Technologies offers multi-asset class portfolio and risk analytics delivered in real-time to business decision makers in the front and middle offices through two software products: NxR2, a front-office pricing, portfolio construction, and risk management software; and R2 Capital – a middle-office risk and capital management software solution.
Created in 2006, R2 Financial Technologies was initially housed and incubated in the Fields Institute for Research in Mathematical Sciences in Toronto, Canada. The R2 expert team of more than 30 financial engineers and technology specialists will join S&P Capital IQ.
“We are very excited to be a part of S&P Capital IQ. This will allow us to expand our reach and meet the needs of our fast-growing client base, while we continue to develop new and innovative risk solutions,” said Dan Rosen, CEO of R2 Financial Technologies. “We believe that the combination of R2 trading, valuations and risk management products with S&P Capital IQ’s multi-asset class data, research and analytics will help us redefine the risk space altogether.”
About R2 Financial Technologies
R2 Financial Technologies provides advanced risk and scenario-based analytics to traders, portfolio and risk managers for pricing, hedging and capital management across asset classes. Our software leads the industry, providing practical risk intelligence through expertise in multi-asset class portfolio-level analytics, complex credit and structured product risk analytics and sophisticated scenario analytics.
About S&P Capital IQ
S&P Capital IQ, a brand of the McGraw-Hill Companies (NYSE: MHP), is a leading provider of multi-asset class data, research and analytics to institutional investors, investment advisors and wealth managers around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Securities Evaluations, Global Data Solutions, and Compustat; and research offerings including Leveraged Commentary & Data, Global Market Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today’s investors need.