Markit acquires International Index, will purchase CDS IndexCo

By Sara Rosenberg

New York, Nov. 14 - Markit Group Ltd. acquired International Index Co. Ltd. and has also agreed to acquire CDS IndexCo LLC, according to a news release.

International Index owns the iTraxx Europe and iTraxx Asia credit derivative indices as well as the global family of iBoxx bond indices.

CDS IndexCo owns the CDX credit derivative indices and the synthetic structured finance and loan indices ABX.HE, CMBX and LCDX.

The CDS IndexCo transaction is expected to close by year end.

"The acquisition of IIC and CDS IndexCo will put us at the very heart of the global credit and rates markets. By bringing the indices together, we will create the next generation of credit benchmarks and stimulate innovation in trading across the entire fixed income market," said Lance Uggla, chief executive officer of Markit, in the release.

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