Markit

Markit was a financial information and analytics company that provided data, benchmarks, valuations, and related software tools to participants in the global financial markets. Its products were used by banks, asset managers, corporations, and exchanges to support pricing, risk management, and post-trade workflows across multiple asset classes, including equities, fixed income, credit, and commodities. Key offerings included reference and market data, pricing and valuation services, and index families such as the iBoxx fixed-income indices, along with post-trade processing through MarkitSERV.

The company grew through organic expansion and acquisitions to broaden its data coverage and analytical capabilities. In 2016, Markit announced a merger with IHS, forming a combined entity that operated as IHS Markit, a global information and analytics company serving diverse industries and markets. The IHS Markit brand continued to represent the merged business for several years.

In 2020, S&P Global announced its plan to acquire IHS Markit for approximately $44 billion, with the transaction eventually closing in 2022. Following the completion of the deal, Markit’s assets and services were integrated into S&P Global’s operations, and many products were aligned with or rebranded under the S&P Global umbrella, notably within S&P Global Market Intelligence and related data services.

See also: IHS Markit, S&P Global, MarkitSERV, iBoxx.