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Markit was founded in 2003 by Canadian Lance Uggla [7] [8] in St Albans, outside London, as Mark-it Partners to provide daily credit default swap (CDS) pricing. [9]Markit's credit derivative data sales rose during the subprime mortgage crisis in 2007 and later years.
Markit Group Limited merged with IHS Inc. in 2016 to form IHS Markit Ltd. The IIC was established in 2001 and headquartered in Frankfurt, Germany. The company began as a joint venture between ABN AMRO, Barclays Capital, BNP Paribas, Deutsche Bank, Deutsche Boerse, Dresdner Kleinwort, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley and UBS, prior ...
[17] [18] On September 9, 2021, GlobalData announced its purchase of the Pricing and Reimbursement dataset from IHS Markit. [19] In December 2021, the IHS Markit announced its intention to sell Base Chemicals to News Corp for a reported $295 million as part of an effort to alleviate concerns about competitive effects. [ 20 ]
Markit administered the CDX family of indices and acting as the calculation agent for the iTraxx indices. In November 2007 Markit acquired CDX and iTraxx. By 2011 Markit owned and managed "the Markit iTraxx, Markit CDX, Markit iTraxx SovX, Markit iTraxx LevX, and Markit LCDX families of CDS indices as well as the Markit iBoxx cash bond indices."
Markit Group Limited marketed the ABX index and by 2007 had acquired (CDS IndexCo). On 17 The ABX index was a credit default swap of asset-backed mortgages of 30 of the most liquid mortgage-backed bonds. Hedge funds began shorting that ABX index in early 2006 at par. The Deutsche Bank, alone, reportedly made $250 million.(Lenzner 2007) [1]
Kelcy Warren, chairman and chief executive officer of Energy Transfer Partners LP, speaks during the 2018 CERAWeek by IHS Markit conference in Houston, Texas, U.S., on Wednesday, March 7, 2018.