| Comparison | Markit | ICE (Intercontinental Exchange) |
|---|---|---|
| Company Overview | Headquartered in London, UK, founded in 2003, primarily provides financial market data and analysis services. Initially focused on credit derivatives, later expanded to comprehensive financial information services. | Founded in 2000, headquartered in Atlanta, USA. Operates multiple exchanges and clearinghouses, covering global futures, energy, and financial derivatives markets as a comprehensive trading platform. |
| Main Services | – Pricing and Benchmark Data: Provides pricing data for bonds, credit default swaps (CDS), loans, etc., with iTraxx and CDX indices as industry standards. – Data Analytics: Offers pricing models, market analysis, and risk management tools. – Indices: In addition to CDS indices, provides a range of stock and bond indices. – Mergers & Acquisitions: Merged with IHS Inc. in 2016 to become IHS Markit, later acquired by S&P Global in 2020. |
– Exchanges and Clearinghouses: Owns and operates multiple exchanges, including the New York Stock Exchange (NYSE), offering trading platforms for energy, commodities, forex, interest rates, and more. – Financial Data Services: Provides extensive market data, including pricing for bonds, forex, and interest rates, with a strong presence in the fixed income market. – Clearing and Risk Management: Offers clearing services for derivatives across multiple asset classes, helping participants manage risk. |
| Business Focus | Primarily a data provider offering data, analytics, and indices services. | A comprehensive trading platform and market infrastructure provider, offering exchange, clearing, data, and risk management services. |
| Service Areas | Focuses on pricing, data, and index services. | Provides trading, clearing, data, and risk management services, covering a broader range of business areas. |
| Customer Base | Mainly serves financial institutions needing market data and analytics. | Serves investors and financial institutions with needs for trading, clearing, and data analysis. |
(4) ICE vs Markit
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