S&P Global, a provider of credit rating and analytics, announced on Thursday the acquisition of ChartIQ, a charting provider for the financial industry. ChartIQ will form part of the Market Intelligence division.

S&P Global Enhances Capital IQ Pro Platform

According to the press release, the tools offered by the company will enhance the existing capabilities of the S&P 500 Capital IQ Pro platform, a solution offered by Markit Digital, providing leading visualization capabilities.

ChartIQ was part of Cosaic, a provider of workflow solutions. The acquisition was signed on 23 December 2022 and closed on 1 January 2023. The financial terms of the transaction were not disclosed by the parties involved.

"The addition of ChartIQ to our S&P Capital IQ Pro platform brings together comprehensive data and workflow with compelling analytical capabilities and advanced charting," Warren Breakstone, the Head of Desktop and Channel Solutions at S&P Global Market Intelligence, said.

“As we continue to add and expand our data coverage in public and private markets and across asset classes, clients will now also benefit from the leading charting solution to unlock new opportunities and insights from this data.”

The company's solutions allow users to visualize data through an interactive internet library. Available tools feature options analytics, trade visualization and technical analysis. In addition, clients can combine data provided by external providers with their own content or data sets.

HTML5 Charts on Offer

Currently, ChartIQ is the only professional grade tool on the market that offers an HTML5 Charting Library solution that works seamlessly regardless of any platform: mobile, web or desktop. Investors can access order books and volume data from a variety of markets and assets, including cryptocurrencies .

"For over a decade, ChartIQ has been recognized as the financial industry's leading data visualization tool. By joining S&P Global Market Intelligence, ChartIQ will expand its reach to hundreds of thousands of users of Capital IQ Pro and thousands of clients of S&P Global's Datafeeds and Markit Digital solutions," Dan Schleifer, the CEO and Co-Founder of Cosaic, said.

Furthermore, in October, the company partnered with Autochartist to provide real-time technical analysis tools. Autochartist's solutions allow technical formations to be automatically presented on the chart making analysis more accessible and less complex for retail traders.