Markit

Markit was a British financial information and services company that focused on credit derivative pricing founded in 2003¹. Prior to its merger, it had 4,500 employees¹ in 21 offices worldwide and was as an independent source of credit derivative pricing. The company provided independent financial data, trade processing of derivatives, foreign exchange and loans, customised technology platforms and managed services. The company aimed to enhance corporate transparency, reduce financial risk and improve operational economic efficiency. Its client base included institutional participants in the financial marketplace. On 12 July 2016, Markit and IHS Inc. merged in an all-stock merger of equals to form IHS Markit. IHS Markit later merged with S&P Global on 28 February 2022.

Markit was a British financial information and services company that focused on credit derivative pricing founded in 2003. Prior to its merger, it had 4,500 employees in 21 offices worldwide and was as an independent source of credit derivative pricing. The company provided independent financial data, trade processing of derivatives, foreign exchange and loans, customised technology platforms and managed services. The company aimed to enhance corporate transparency, reduce financial risk and improve operational economic efficiency. Its client base included institutional participants in the financial marketplace. On 12 July 2016, Markit and IHS Inc. merged in an all-stock merger of equals to form IHS Markit. IHS Markit later merged with S&P Global on 28 February 2022. ==Index products== On 17 January 2006, CDS IndexCo and Markit launched ABX.HE, a subprime mortgage backed credit derivative index, with plans to extend the index to underlying asset types other than home equity loans. On 19 January 2006, it launched the Home Equity (ABX.HE) ABX. The following year in 2007, the loan credit default swap index (LCDX), a loan-only credit default swap index, was created by CDS Index Company (CDSIndexCo). Sixteen financial institutions including: JPMorgan, Goldman Sachs, Deutsche Bank, Barclays Capital, Bank of America, BNP Paribas, Citigroup, Credit Suisse, Lehman Brothers, Merrill Lynch, RBS Greenwich, UBS and Wachovia, owned the private company called the CDS Index Company (CDS IndexCo), that developed the ABX index. By 2007 Markit marketed had acquired (CDS IndexCo). The ABX index was a credit default swap of asset-backed mortgages of 30 of the most liquid mortgage-backed bonds. In 2013, Atlanta-based IntercontinentalExchange, a derivatives exchange and clearing house operator, announced four credit index futures contracts, based on the Markit CDX and Markit iTraxx indices—Markit CDX NA IG, Markit CDX NA HY, Markit iTraxx Europe (Main), and Markit iTraxx Crossover, would start in May 2013. ==Divisions, products and services== Markit organized itself in three divisions: ==References== ==External links==

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