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Markit group buys up iTraxx/CDX index family

The London-based data provider signs a deal to buy the credit derivatives indices from the bank consortia that previously owned and managed them

Markit Group is buying the International Index Company and CDS IndexCo. The data provider and derivatives trade processing company announced the acquisition of IIC at a press conference in London on November 14 and confirmed the purchase of CDS IndexCo the following week.

IIC owns the iTraxx Europe and iTraxx Asia credit derivatives indices and the global family of iBoxx indices. Its US counterpart

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