Markit was a British financial information and services company that focused on credit derivative pricing. It was founded in 2003 and merged in 2016 with IHS to form IHS Markit.
Prior to its merger it had 4,500 employees in 21 offices worldwide and was as an independent source of credit derivative pricing.[3] 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.[4][5] IHS Markit later merged with S&P Global on 28 February 2022.[6]