IHS Markit Ltd. provides critical information, analytics and expertise to forge solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. The company has more than 50,000 business and government customers, including 80 percent of the Fortu...
IHS Markit Ltd. provides critical information, analytics and expertise to forge solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. The company has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500; and the world's leading financial institutions. The company operates as a subsidiary of S&P Global Inc.
Segments
The company operates through four segments: Financial Services, Transportation, Resources, and Consolidated Markets & Solutions.
Financial Services segment
This segment provides pricing and reference data, indices, valuation and trading services, trade processing, enterprise software, and managed services. Financial Services end users include front- and back-office professionals, such as traders, portfolio managers, risk managers, research professionals, and other financial markets participants, as well as operations, compliance, and enterprise data managers. This segment includes the company’s Information, Solutions, and Processing offerings.
Information
The company’s Information offerings provide enriched content consisting of pricing and reference data, indices, and valuation and trading services across multiple asset classes and geographies through both direct and third-party distribution channels. The company’s Information products and services are used for independent valuations, investor analyses, research, trading, and liquidity and risk assessments. These products and services help its customers price instruments, comply with relevant regulatory reporting, and risk management requirements, and analyze financial markets. Some of the company’s key Information offerings include the following:
Pricing and Reference Data Services provide independent pricing across major geographies and key asset classes, as well as instrument, entity, and reference data products. The company prices instruments spanning major asset classes, including fixed income, equities, credit, and foreign exchange (FX). Customers use the company’s pricing data primarily for independent valuations, risk analytics, and pre-trade analytics; and they use the company’s reference data products in a broad range of valuation, trading, and risk applications in both cash and derivative markets.
The Indices product portfolio includes owned and administered indices covering all asset classes. Key proprietary index families include the PMI series, iBoxx, iTraxx, and CDX. In addition, the company provides a range of index-related services for custom indices. The company’s indices are used for benchmarking, risk management, valuation, and trading. They also form the basis of a wide range of financial products, including exchange-traded funds, index funds, structured products, and derivatives.
Valuation Services provide a broad range of valuations to both derivative and cash market participants, focused on instrument and portfolio valuations. The company’s portfolio valuation service provides independent valuations for a wide range of derivatives and cash products across all asset classes to a range of financial institutions, including many buy-side firms. The company’s private equity services provide independent valuation and performance reporting solutions for investors in unlisted equity, private placements, and hard-to-value debt.
Research, Sales and Trading Services offer investment bank and financial institution customers a range of platforms and tools to perform trading performance and analysis, research aggregation and distribution, investment process and sales workflows, and relationship management.
Corporate product offerings deliver capital market intelligence, real-time investor analysis and targeting, event management systems, and desktop workflow solutions to senior management and investor relations professionals within the corporate suite.
Global Regulatory Reporting Solutions provide trade and transaction reporting solutions for financial services and corporate customers to comply with global regulatory requirements. The company’s customers can monitor multi-jurisdiction reporting for MIFID, EMIR, SFTR, ASIC, MAS, CFTC, SEC, and other global reporting regimes.
Solutions
The company’s Solutions offerings provide configurable enterprise software platforms, managed services, and hosted solutions.
Enterprise Software Platforms include both standardized and custom solutions to automate the company’s customers’ in-house processing and connectivity for trading and post-trading processing, as well as enterprise data and risk management solutions to enable customers to effectively manage their data and calculate risk measures. These solutions are also generally offered by the company in hosted solution alternatives. Managed services and hosted solutions offerings are targeted at a broad range of financial services industry participants and help the company’s customers capture, organize, process, display, and analyze information; manage risk; and meet regulatory requirements. Some of the company’s primary Solutions offerings include the following:
Wall Street Office and WSO Services provide a loan portfolio management platform and related services to participants in the syndicated bank loan market across the complete trading lifecycle.
Global Markets Group product offerings deliver bookbuilding platforms, investor prospecting solutions, and road show systems to capital markets and financial services firms across multiple asset classes, including municipal bonds, equities, fixed income, and loans.
Regulatory Compliance products and services include KYC remediation tools and services, the company’s KY3P vendor management and risk platform, advanced risk and analytics systems, and platforms and services to support counterparty transparency, tax regulations, and regulatory support for Dodd-Frank Act, EMIR, FRTB, SFTR, and other global regulations designed to increase oversight of financial markets.
Private Markets product offerings, including iLevel, provide portfolio data management services, analytics, reporting and valuation solutions, and platform services to private and alternatives market participants.
Enterprise Data Management (EDM) software and services provide customers a central hub to manage the acquisition, validation, storage, and distribution of data sets from multiple sources.
Digital designs, builds, and hosts custom web solutions for customers in both the retail and institutional financial services markets.
Corporate actions solutions, including a managed data service and Information Mosaic, provide a centralized source of validated corporate action data for equities, fixed income, and structured securities across the globe, as well as robust processing solutions for financial institutions.
Thinkfolio is an enterprise order management and portfolio modeling system.
Processing
The company provides trade processing products and services globally for syndicated loans. Prior to September 1, 2021, the company also provided trade processing products and services for over-the-counter (OTC) derivatives and FX through the company’s MarkitSERV business. In September 2021, the company contributed its MarkitSERV business to OSTTRA, a new 50/50 joint venture with CME Group Inc.’s optimization businesses. The OSTTRA joint venture’s purpose is to be a leading provider of progressive post-trade solutions for the global OTC markets across interest rate, FX, equity, and credit asset classes.
Transportation segment
This segment includes the company’s Automotive offerings and Maritime & Trade offerings.
Automotive
The company serves the full automotive value chain with a focus on original equipment manufacturers (OEMs), parts suppliers, and dealers.
Within the new car market, the company provides authoritative analysis and forecasts of sales and production for light vehicles, medium and heavy commercial vehicles, powertrain, components, and technology systems across all major markets. The company’s comprehensive forecast database covers 99 percent of global light vehicle sales and production. The company forecasts sales and production of more than 50,000 unique vehicle model variants, as well as more than 150 different vehicle systems, sub-systems, and components.
The company also provides a wide range of performance measurement and marketing tools for carmakers, dealers, and agencies. The company continues to leverage analytics and innovation to develop product and service offerings aimed at addressing needs across the value chain, including strategy and planning, marketing, sales, dealer services, and after sales. In the U.S., the company’s sales and marketing offerings draw on a database of nearly 12 billion ownership records, covering 790 million vehicles and more than 250 million U.S. households over a period of more than 25 years.
The company also offers a range of vehicle recall solutions to carmakers, including identifying households to be contacted, providing accurate measurement of recall program completion, and in some cases, providing a full turnkey solution that manages the entire fulfillment process for their safety recall campaigns.
The company’s automotiveMastermind (aM) offering provides predictive analytics and marketing automation software for the new car dealer market, enabling dealers to improve their customer retention and extend their customer portfolio through ‘conquest’ campaigns.
Within the used car market, the company supports dealers, insurers, and consumers through its CARFAX products. These offerings provide critical information for used car dealers and their customers in the used car buying process. For example, CARFAX vehicle history reports provide maintenance, accident, odometer, and commercial use information on cars in the United States. This history, based on more than 27 billion records collected from more than 130,000 data sources, provides confidence to dealers and consumers in the car buying process. The company’s product line also includes a used car listing service for dealers and vehicle-specific valuation offerings.
Maritime & Trade (M&T)
The company provides, on behalf of the International Maritime Organization (IMO), the unique global ID (the IMO number) for all ocean-going ships over 100 gross tons. The company’s M&T content and analytics provide comprehensive data on more than 200,000 ships over 100 gross tons, as well as monthly import and export statistics on more than 100 countries and tracking and forecasting approximately 96 percent of international trade by value.
Resources segment
This segment includes the company’s Upstream offerings and Downstream offerings.
Upstream
The company’s Upstream offerings include technical information, analytical tools, and market forecasting and consulting for the upstream industry. The company provides critical information and expertise around country exploration and production risk; plays and basins technical information; costs and technologies; and energy companies. Strategic planners, geoscientists, and engineers use the company’s insight and leading geotechnical database and analytical tools to facilitate exploration, development, and production of energy assets. Some of the company’s key offerings include the following:
The company’s Global Well, Production, Land, and Subsurface Content provides a comprehensive inventory of current and historical energy data, including more than 6.8 million oil and gas wells; 5,200 basins; 38,000 prospects; and 32,000 fields, as well as approximately 2,800 land rigs and 5,200 marine vessels. This content forms the basis for all of the company’s upstream technical research, intelligence, analysis, and software portfolio.
The Kingdom/Harmony Suite provides leading-edge analysis of subsurface properties, including seismic interpretation and production estimation, for the geoscience and engineering markets globally.
Vantage is a global asset evaluation system that contains more than 21,000 oil and gas assets worldwide, performing forward-looking analysis of an asset’s expected return and permitting large-scale asset comparisons from distinct individual regions.
Companies and Transactions performs database-driven analysis of approximately 55,000 merger and acquisition transactions, as well as financial analysis of all major oil and gas companies globally.
Market analyses and forecasts provide insight and intelligence on market fundamentals.
Downstream
The company’s Downstream offerings provide market forecasting, midstream market analysis and supply chain data, refining and marketing economics, and oil product pricing information for the chemical, refined products, agriculture, and power industries. The company is also a leading provider of bespoke consulting, offering strategic direction and capital investment advisory services. Some of the company’s key offerings include the following:
Data for manufacturing processes and capacity industry analysis and forecasts for more than 300 chemicals in more than 150 countries, as well as capital expenditure, cost, price, production, trade, and demand data and information.
An extensive library of detailed techno-economic analyses of chemicals and refining process technologies.
Actionable intelligence across the value chain from agricultural inputs to agricultural and processed food commodities.
Pricing information for refined products on spot, rack, and retail gasoline markets.
Global and regional outlooks and forecasts for power, coal, gas, and renewable markets.
In addition, the company leverages its market leadership in these industries to convene global industry, government, and regulatory leaders at global and regional events, such as the company’s annual CERAWeek and World Petrochemical conferences.
Consolidated Markets & Solutions (CMS) segment
This segment includes the company’s Product Design offerings, Economics and Country Risk offerings, and Technology, Media & Telecom benchmarking offerings.
Product Design
The company’s Product Design solutions provide technical professionals with the information and insight required to more effectively design products, optimize engineering projects and outcomes, solve technical problems, and address complex supply chain challenges. The company’s offerings utilize advanced knowledge discovery technologies, research tools, and software-based engineering decision engines to advance innovation, maximize productivity, improve quality, and reduce risk. The company’s Product Design offerings include the following:
Engineering Workbench provides a single interface to surface answers from a curated universe of technical knowledge comprising more than 150 million records. This includes standards, codes, and specifications; applied technical reference; engineering journals, reports, best practices, and other vetted technical reference; and patents and patent applications.
BOM Intelligence, including data on more than 1 billion electronic components or parts, enables the company’s customers to integrate their bills of materials with obsolescence management, product change notifications (PCNs), end-of-life (EOL) alerts, and research and analysis.
Goldfire’s cognitive search and other advanced knowledge discovery capabilities help pinpoint answers buried in enterprise systems and unstructured data, enabling engineers and technical professionals to accelerate problem solving and make better decisions more quickly.
Economics and Country Risk (ECR)
The company’s ECR team consists of approximately 400 economists, country risk and industry analysts, data management specialists, and consultants monitoring, analyzing, and forecasting developments and risks in 211 countries and territories and approximately 150 industries. The company provides a vast range of economic and risk data and analytics, forecasts, and scenario tools to assist customers in their strategic market planning, procurement, supply chain and risk management decisions. The company assesses risks across more than 40 risk perils, helps companies with their capital deployment and location decisions, and analyzes social and governance impacts of their investments around the world. Specialized teams also monitor and forecast developments in consumer services and global construction markets.
Technology, Media & Telecom (TMT) Benchmarking
The company’s TMT benchmarking product portfolio provided performance and cost benchmarking analysis to the TMT industry during 2021. In December 2021, the company divested this business as part of its efforts to rationalize its product offering portfolio.
Customers
The company has a diverse customer base, with more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and Fortune U.S. 1000. Its customers operate in global interconnected industries. It supports them with information, insights, and solutions that integrate its comprehensive content, expertise, analytics, tools, and technology into many of their core workflows. The company sells its products to various government agencies and entities.
Seasonality
The company’s business has seasonal aspects. Its first quarter (year ended November 2021) generally has the company’s lowest quarterly levels of revenue and profit. The company also experiences event-driven seasonality in its business.
Competition
Financial Services: The company’s Information offerings primarily compete with offerings from Bloomberg, FactSet Research Systems Inc., IntercontinentalExchange, MSCI Inc., London Stock Exchange Group, Nasdaq, and FIS. The company’s Solutions offerings primarily compete with firms, such as Bloomberg, London Stock Exchange Group, SS&C, State Street, Charles River, Dealogic, Allvue, and BlackRock, Inc.
Transportation: In the Automotive market, the company primarily competes with offerings from Experian, LMC Automotive, Urban Science, and Auto Alert. The company’s used car listings product also competes with offerings from cars.com, Cox Enterprises, and CarGurus. In Maritime & Trade markets, the company primarily competes with offerings from Informa plc and Verisk Analytics, Inc., as well as niche providers, such as Trade Data Monitor, Datamyne, Vortexa, Windward Limited, and Kpler.
Resources: The company’s Upstream and Downstream offerings compete primarily with offerings from Enverus, Schlumberger, Halliburton, GeoScout, Reed Elsevier, Bloomberg NEF, Argus, DTN, Nexant, and Verisk Analytics, Inc.
CMS: The company’s Product Design offerings primarily compete with offerings from SAI Global, Clarivate Analytics, and the standards developing organizations, among others. The company’s ECR offerings compete primarily with offerings from the Economist Group, Oxford Economics, Fitch Solutions, Moody’s Analytics, Control Risks, and Verisk.
History
IHS Markit Ltd. was founded in 1959.
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