Markit Completes Acquisition of CDS IndexCo

London and New York – Markit Group Limited (“Markit”) announced today that it has completed its acquisition of CDS IndexCo LLC (“CDS IndexCo”), owner of the CDX credit derivative indices and the synthetic structured finance and loan indices ABX.HE, CMBX and LCDX.

Markit announced an agreement to acquire CDS IndexCo last week in addition to its acquisition of International Index Company (“IIC”), owner of the iTraxx Europe and iTraxx Asia credit derivative indices as well as the iBoxx bond indices.

Both index families will be known as Markit indices with immediate effect. As such, the indices are now called Markit ABX.HE, Markit CDX, Markit iBoxx, Markit iTraxx, Markit LCDX, etc.

Markit acquired CDS IndexCo from ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.

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For further information, please contact:

Teresa Chick
Director, Corporate Communications
Markit
Tel: +44 20 7260 2094
Email: teresa.chick@markit.com

Caroline Lumley
Associate, Corporate Communications
Markit
Tel: +44 20 7260 2047
Email: caroline.lumley@markit.com

About Markit
Markit Group Limited (“Markit”) is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.

About CDS IndexCo
CDS IndexCo is a consortium of 16 investment banks which are licensed as market makers in the ABX, CDX, CMBX and LCDX Indices. The market makers include: ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.

About International Index Company
International Index Company (IIC) was established in 2001 and is the leading independent provider of transparent, rules-based, multiple contributor bond and CDS indices. IIC manages and administers the iBoxx bond indices and the iTraxx credit derivative indices, which have rapidly become the standard benchmarks in the growing credit markets. Over 35 major international financial institutions are licensed by IIC as iTraxx market makers. IIC’s iBoxx cash bond indices have been adopted as market standard by investors and institutions around the world.

iTraxx and iBoxx indices and products based upon the indices have won awards from International Financing Review, International Fund Investment, Risk and Structured Finance International. IIC is owned by ABN AMRO, Barclays Capital, BNP Paribas, Deutsche Bank, Deutsche Börse, Dresdner Kleinwort, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley and UBS.