Markit

Markit Ltd.
Company typePublic
Nasdaq: MRKT
IndustryFinancial services
Founded2003; 21 years ago (2003)
Defunct12 July 2016 (2016-07-12)
Fatein 2016 merged with IHS Inc. to form IHS Markit
SuccessorIHS Markit
HeadquartersLondon, United Kingdom
Number of locations
21 offices
Area served
Worldwide
Key people
Jerre Stead (CEO IHS Markit) & Lance Uggla (president IHS Markit)[1]
ProductsFinancial information
Financial processing
Financial services
Financial solutions
Market data vendor
RevenueIncrease US$ $1.5 billion [2]
Number of employees
4,500 (October 2015)
DivisionsInformation
Processing
Solutions
Websitewww.markit.com

Markit Ltd. was a British financial information and services company with over 4,000 employees, founded in 2003 as an independent source of credit derivative pricing.[3] The company provides independent data, trade processing of derivatives, foreign exchange and loans, customised technology platforms and managed services. The company aims to enhance transparency, reduce financial risk and improve operational efficiency. Its client base includes 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.[4][5] IHS Markit later merged with S&P Global on 28 February 2022.[6]

  1. ^ "IHS Markit - About Us". ihsmarkit.com.
  2. ^ "Final Prospectus". SEC. 20 June 2014. Retrieved 24 June 2014.
  3. ^ Markit USD Interest Rate Curve XML Specification (PDF) (Report). Markit. 30 March 2009.
  4. ^ "IHS and Markit to Merge, Creating a Global Leader in Critical Information, Analytics and Solutions". BusinessWire. 21 March 2016.
  5. ^ "IHS Markit Rings Opening Bell at Nasdaq, Unveils New Logo - IHS Online Newsroom". press.ihs.com.
  6. ^ "S&P Global Completes Merger with IHS Markit, Creating a Global Leader to Power the Markets of the Future". businessinsider.com. 28 February 2022. Retrieved 5 March 2024.