What it is:IHS Markit is a leader in information, analytics and solutions for industries and markets that drive economies worldwide.
Best for:Asset managers and hedge funds, Bank trading desks, Fund administrators
Pricing:Starting from Custom quote
Rating:90/100Excellent
Expert's conclusion:IHS Markit Platform Overview
IHS Markit has a number of Debt Issuance Platforms (DebtDomain), Portfolio Monitoring Tools (WSO and Credit Manager), and Risk Analysis Tools for Institutional Finance Teams Managing Complex Debt Portfolios and Loan Markets Where Data Mastery is Critical and Operational Efficiency Are Also Critical.
Reviewed byMaxim Manylov·Web3 Engineer & Serial Founder
What Is IHS Markit and What Does It Do?
IHS Markit was one of the world's leading companies that provided important information, analytics, and solutions to many different sectors including finance, energy, transportation and more. The company was formed from the 2016 merger of IHS Inc., which was founded in 1959, and Markit, which was founded in 2003; these two firms were both able to provide the global government agencies, large multinational corporations and the financial institutions with the best possible data driven information. In February 2022, S&P Global purchased IHS Markit and today it is operated by S&P Global.
IHS Markit has a long history of being a major global provider of data and analytics services for many years; they have produced strong financial results; and they are currently integrated with S&P Global, although, they are now owned by S&P Global.
BREAKDOWN
Product Maturity95/100
Company Stability90/100
Security & Compliance85/100
User Reviews80/100
Transparency85/100
Support Quality85/100
TRUST SIGNALS
Acquired by S&P Global (2022)Serves Fortune 500 and governments worldwideLeader in financial data and analytics$4.6B+ revenue pre-acquisition
What is the history of IHS Markit and its key milestones?
1959
IHS Founded
In order to provide aerospace engineers with access to microfilm databases, Information Handling Services (IHS) was established.
2003
Markit Founded
To provide credit default swap (CDS) pricing data, Mark-it Partners was founded by Lance Uggla.
2014
Markit IPO
At the price of $24 per share, Markit Ltd. went public on NASDAQ under the ticker symbol MRKT.
2016
IHS Markit Merger
IHS Inc. and Markit, after merging in an all-stock transaction, formed IHS Markit Ltd.
2022
S&P Global Acquisition
IHS Markit was acquired by S&P Global so that their data services could be added to S&P Global's information services.
Who Are the Key Executives Behind IHS Markit?
Lance Uggla— CEO
As the founder of Markit in 2003, he led the expansion of the firm's financial data services, and also served as CEO until the time of the IHS Markit merger.
What Are the Key Features of IHS Markit?
✨
Pricing and Reference Data
Comprehensive financial pricing data, indexes and reference information for use by traders and portfolio managers.
✨
Valuation and Risk Analytics
Advanced valuation services, risk management tools and scenario analysis for use by financial professionals.
📊
Trade Processing
Through various platforms such as MarkitSERV, IHS Markit provides OTC derivatives, FX and loan trade processing.
✨
Industry Research
With specific focus on the energy, transportation and resource sectors, IHS Markit offers sector-specific research and analysis.
✨
Enterprise Software Solutions
IHS Markit also provides custom software and managed services for compliance, operations and data management.
✨
Economic Forecasts
IHS Markit also provides economic data, risk analytics, forecasts and decision support tools.
What Technology Stack and Infrastructure Does IHS Markit Use?
Infrastructure
Global data centers supporting real-time financial processing
Integrations
Financial trading platformsRisk management systemsEnterprise data workflows
AI/ML Capabilities
Advanced analytics and data processing capabilities for financial modeling and economic forecasting
Inferred from financial services capabilities; specific technologies not detailed in sources
What Are the Best Use Cases for IHS Markit?
Financial Traders and Portfolio Managers
For the purposes of making informed trading and portfolio decisions, IHS Markit enables users to access current prices, indexes and reference data in real-time.
Risk Managers
IHS Markit allows users to utilize valuation tools, risk analytics and scenario models to help them manage the exposure of their assets.
Banking Operations Teams
Use IHS Markit to streamline your Derivative, Foreign Exchange (FX) and Loan Trade Processing through reliable Post-Trade Services
Energy Sector Analysts
Utilize Specialized Research & Market Intelligence by IHS Markit to gain insight into the Commodity and Energy Markets
Transportation Industry Researchers
Utilize IHS Markit to receive Detailed Forecasts, Analytics and Supply Chain Data to aid you in your Strategic Planning
NOT FORIndividual Retail Investors
Not Targeted – Solutions are Designed for Institutional and Enterprise-Scale Financial Operations
NOT FORNon-Financial Small Businesses
Limited Direct Applicability – Primarily Serves Regulated Financial and Industrial Sectors
How Much Does IHS Markit Cost and What Plans Are Available?
Pricing information with service tiers, costs, and details
☐Service
$Cost
ℹDetails
🔗Source
CLO Pricing Data
Custom quote
Independent pricing for 14,000+ US and European CLO tranches including debt, equity, combo and fee notes
IHS Markit CLO factsheet
Bond Pricing Data
Custom quote
Pricing for 86,500+ corporate bonds, 1.1M+ municipal bonds, 1.2M+ securitized products
IHS Markit Bond factsheet
Loan Pricing Data
Custom quote
Bid/offer pricing and liquidity measures for 6,700+ leveraged loan facilities globally
IHS Markit Loans brochure
Fair Value Pricing
Custom quote
Fair value adjustments for 40,000+ global stocks and 80,000+ global bonds
Markit Fair Value factsheet
CLO Pricing DataCustom quote
Independent pricing for 14,000+ US and European CLO tranches including debt, equity, combo and fee notes
IHS Markit CLO factsheet
Bond Pricing DataCustom quote
Pricing for 86,500+ corporate bonds, 1.1M+ municipal bonds, 1.2M+ securitized products
IHS Markit Bond factsheet
Loan Pricing DataCustom quote
Bid/offer pricing and liquidity measures for 6,700+ leveraged loan facilities globally
IHS Markit Loans brochure
Fair Value PricingCustom quote
Fair value adjustments for 40,000+ global stocks and 80,000+ global bonds
Markit Fair Value factsheet
How Does IHS Markit Compare to Competitors?
Feature
IHS Markit
Bloomberg
Refinitiv
ICE Data
CLO Tranche Coverage
14,000+
Yes
Yes
Yes
Loan Facility Pricing
6,700+
Yes
Yes
Partial
Municipal Bond Coverage
1.1M+
Yes
Yes
Yes
Securitized Products
1.2M+
Yes
Yes
Yes
Pricing Transparency
Full methodology
Partial
Partial
Partial
Liquidity Scores
Yes
Yes
Yes
Yes
Dedicated Evaluator Support
Yes
Enterprise
Enterprise
Enterprise
Delivery Channels
FTP, Portfolio Valuations
Terminal
Eikon
Multiple
Starting Price
Custom enterprise
$24,000/year
Custom
Custom
Free Tier
No
No
No
No
CLO Tranche Coverage
IHS Markit14,000+
BloombergYes
RefinitivYes
ICE DataYes
Loan Facility Pricing
IHS Markit6,700+
BloombergYes
RefinitivYes
ICE DataPartial
Municipal Bond Coverage
IHS Markit1.1M+
BloombergYes
RefinitivYes
ICE DataYes
Securitized Products
IHS Markit1.2M+
BloombergYes
RefinitivYes
ICE DataYes
Pricing Transparency
IHS MarkitFull methodology
BloombergPartial
RefinitivPartial
ICE DataPartial
Liquidity Scores
IHS MarkitYes
BloombergYes
RefinitivYes
ICE DataYes
Dedicated Evaluator Support
IHS MarkitYes
BloombergEnterprise
RefinitivEnterprise
ICE DataEnterprise
Delivery Channels
IHS MarkitFTP, Portfolio Valuations
BloombergTerminal
RefinitivEikon
ICE DataMultiple
Starting Price
IHS MarkitCustom enterprise
Bloomberg$24,000/year
RefinitivCustom
ICE DataCustom
Free Tier
IHS MarkitNo
BloombergNo
RefinitivNo
ICE DataNo
How Does IHS Markit Compare to Competitors?
vs Bloomberg
IHS Markit uses Independent Pricing that includes Full Transparency of Methodology and Inputs, where as Bloomberg uses Terminal-Integrated Pricing that is Broader in Terms of Market Data but Less Transparent in terms of Pricing-Specific Details, While IHS Markit Focuses on Verifying Pricing.
IHS Markit For Regulatory-Compliant Independent Valuations, and Bloomberg for Comprehensive Market Access.
vs Refinitiv (LSEG)
Both Provide Extensive Fixed Income Pricing, However IHS Markit Provides Stronger Support and Challenge Processes for Compliance Purposes, Where as Refinitiv Has Better Integration with Eikon, But IHS Markit Has More Specialized Coverage of CLO's/Loans.
Choose IHS Markit if you Need a Specialist in CLO/Loan Pricing, and Choose Refinitiv for Integrated Workflows.
vs ICE Data Services
ICE Is Focused on Providing Exchange-Traded Data, Where as IHS Markit Excels at Providing OTC Fixed Income Pricing (CLO's, Loans), Where as IHS Markit Provides More Granular Tranche-Level Coverage for Structured Products.
IHS Markit for Structured Credit Pricing, and ICE for Exchange Reference Data.
vs S&P Global Market Intelligence
Both Are Enterprise-Focused, But IHS Markit Has Deeper Expertise in Pricing CLO's/Loans, Where as S&P Emphasizes Ratings Integration and IHS Markit Emphasizes Daily Mark-to-Market Pricing.
IHS Markit for Your Daily Pricing Needs, and S&P for Your Ratings-Linked Analysis.
What are the strengths and limitations of IHS Markit?
Pros
✅The Most Comprehensive CLO Coverage Available - 14,000+ Tranches of Equity and Debt Pricing
✅Complete Pricing Transparency - Detailed Inputs and Assumptions Provided
✅Dedicated Evaluator Support - Direct Access for Price Challenges
Quality Control ProcessesRules-based cleaning algorithms, valuations team audits for data reliability
Dedicated Support TeamDirect evaluator access for documented price challenges and same-day responses
Methodology DocumentationAsset-class specific pricing methodologies with observable data validation
Data Delivery SecuritySecure SFTP, XML delivery with enterprise platform integration
Institutional StandardsEnterprise-grade security for financial institutions handling sensitive pricing data
What Customer Support Options Does IHS Markit Offer?
Channels
Available through contact forms on S&P Global websiteBusiness hours for enterprise clientsFor product-specific assistance
Hours
Business hours (Mon-Fri, regional time zones)
Response Time
Standard business day response for enterprise accounts
Satisfaction
Not publicly available; enterprise-focused support
Specialized
Dedicated support for loan and debt management platforms
Business Tier
Priority support for institutional clients with SLAs
What APIs and Integrations Does IHS Markit Support?
API Type
RESTful APIs for data integration and portfolio management
Authentication
API keys and enterprise SSO integration
Webhooks
Supported for trade notifications and portfolio updates
SDKs
Integrations with Excel, WSO, and third-party portfolio software
Documentation
Comprehensive guides in product brochures and developer portals
Sandbox
Testing environments available for enterprise clients
SLA
High availability for cloud-based solutions (managed service)
Rate Limits
Customizable based on enterprise agreements
Use Cases
Seamless data exchange for loans, trades, compliance, and risk analytics
What Are Common Questions About IHS Markit?
Debtdomain is an online Deal Management System for primary, secondary, and agency Loan Markets. Debtdomain supports Book Running, Pipeline Reporting, Secure Document Distribution and Investor CRM with 450,000 + Contacts. Users Manage Deals from start to finish using Customizable Data Capture.
WSO is a portfolio management platform for Leveraged and Syndicated Loans. WSO is available as Installed Software or Cloud-Based Software. WSO supports transaction management, cash management, regulatory reporting, and third party system integrations. WSO provides real time Over Collateralization and Historical Reporting features.
Data integration, risk analytics, market intelligence, and automation are provided by IHS Markit. The benefits to an institution include increased efficiency, cost reductions, for example, 20% reduction in operational costs and a competitive advantage due to the predictive insight gained from these work flows.
Secure document sharing, XML transformations for straight-through processing (STP), and robust access controls enable platform users to operate securely. Enterprise level integration ensures that all financial standards are met and reduces the risk of errors associated with manual entries.
Yes, IHS Markit's platform can integrate with your portfolio software such as WSO, your custodian(s), and other third party vendors. Additionally, IHS Markit's cloud-based architecture supports a lower total cost of ownership for your firm through cloud scalability and data exchange platforms.
Enterprise clients will have access to IHS Markit's managed services, including integration assistance and compliance tools. To arrange a demo and/or onboarding assistance please contact IHS Markit sales.
Typically you will need to contact IHS Markit sales to arrange a trial for their enterprise solutions. Demo environments are also available for IHS Markit's most popular platforms, including Debtdomain.
IHS Markit is primarily focused on providing enterprise-level solutions and therefore they charge based on custom pricing requirements and have requirements for implementing their products. IHS Markit is ideal for institutions that manage syndicated loans and debt portfolios.
Is IHS Markit Worth It?
IHS Markit, as part of S&P Global, provides its customers with robust and enterprise-class solutions for issuing and managing debt and is the industry leader for loan syndication, portfolio monitoring, and compliance. Their platform Debtdomain and WSO provide financial institutions with complete toolsets for integrating debt data and analyzing risk. This platform is best suited for large scale operations and may be cost prohibitive and require significant resources to implement.
Recommended For
Large banks and asset managers that handle syndicated loans.
Hedge funds that need risk models and stress testing.
Institutional investors that need end-to-end debt workflow automation.
Financial firms that need market intelligence and compliance reporting.
!
Use With Caution
Mid-size firms that do not have a dedicated IT team to perform integrations.
Firms that need to offer consumer facing debt tools.
Small funds that have simple portfolio needs.
Not Recommended For
Retail banking or individual debt management
Startups Lack Budget of an Enterprise
Startups do not have a budget of an enterprise scale.
Non-Financial Industries Without Loan Market Exposure
Financial Institutions, especially those that do not use loan markets, need to be very cautious when choosing their Debt Issuance Platforms and Risk Analytics Solutions.
Expert's Conclusion
IHS Markit Platform Overview
IHS Markit has a number of Debt Issuance Platforms (DebtDomain), Portfolio Monitoring Tools (WSO and Credit Manager), and Risk Analysis Tools for Institutional Finance Teams Managing Complex Debt Portfolios and Loan Markets Where Data Mastery is Critical and Operational Efficiency Are Also Critical.
Best For
Large banks and asset managers that handle syndicated loans.Hedge funds that need risk models and stress testing.Institutional investors that need end-to-end debt workflow automation.
What do expert reviews and research say about IHS Markit?
Key Findings
Key Strengths of IHS Markit's Platforms
Data Integration, Compliance Tools, Cloud Scalability and Integrations That Reduce Operational Costs by Up To 20 Percent Are Key Strengths of IHS Markit's Platforms. The Platforms Are Designed For Use By Financial Institutions In Volatile Markets.
Data Quality
Good - detailed insights from official product brochures and PDFs; now integrated into S&P Global with limited recent public support/pricing details requiring sales contact.
Risk Factors
!
Enterprise Pricing Not Publicly Listed
Enterprise Pricing Plans Have Been Implemented, But There Is No Public List Of Those Prices.
!
Implementation Requires System Integrations
System Integrations Are Required Before IHS Markit's Platforms Can Be Used.
!
Primarily Suitable For Institutional-Scale Users
The Platforms Are Best Suited For Institutional-Scale Users.
!
Company Rebranded/Acquired By S&P Global
IHS Markit Was Recently Rebranded And Acquired By S&P Global. Core Products Include Debtdomain For Deal Management, WSO For Portfolio And Compliance, Credit Manager For Monitoring, And Notice Manager Processing 9.5 Million Notices Per Year.
Last updated: February 2026
What Additional Information Is Available for IHS Markit?
Key Platforms
Credit Manager Services
Credit Manager Provides The Following Services: Portfolio Monitoring, Risk Analytics, Compliance Tools, and STP (Straight Through Processing) Via XML.
Integrations and Scale
Notice Manager Services
Notice Manager Processes 9.5 million notices per year and provides the following services: Facilitates the distribution of notices and documents to counterparties, agents, and other parties involved in loan transactions. Provides reporting and analytics capabilities to help clients track and manage their notice-related activities.
Use Cases
Use Cases and Benefits
Asset Managers Improve Their Client Strategies Using IHS Markit's Platforms. Hedge Funds Mitigate Risks Using IHS Markit's Platforms For Stress Testing. Global Banks Report A Reduction In Operating Costs of Up To 20 Percent When They Automate Their Loan Trading Activities Using IHS Markit's Platforms.
Company Evolution
IHS Markit Under S&P Global
IHS Markit Was Recently Acquired By S&P Global And Its Solutions Are Now Under Market Intelligence With Continued Focus On Loan Markets And Private Debt. IHS Markit Provides A Comprehensive Platform With Debt Tools Along With Financial Data And Analytics That Allows Users To Get Real-Time Global Data.
What Are the Best Alternatives to IHS Markit?
•
Bloomberg Terminal: IHS Markit vs. Bloomberg
While Bloomberg Provides More Comprehensive Coverage of the Market Than IHS Markit at a Higher Cost, It Is Better Suited For Buy-Side Firms Needing Real-Time Global Data.
•
Refinitiv (LSEG): IHS Markit Positioning and Suitability
IHS Markit Provides Enterprise Data and Workflow Solutions for Loans and Debt. IHS Markit Has Strong Pricing/Reference Data Like Bloomberg and Is Better Suited for Multi-Asset Research. IHS Markit Is Well Suited for Banks with Diverse Needs.
•
MarkitWire (TP ICAP): A trade processing platform focusing on the Derivatives and Loans area of the financial markets. This platform has a greater focus on post-trade activities as compared to IHS Markit’s platform which is more focused on portfolio management; therefore, it may be more cost effective for firms that are interested in streamlining their settlement processes. (tpicap.com)
•
Debt Domain by S&P Global: An evolutionary development from IHS Markit Debtdomain with added value in terms of tools for investors. As an upgrade from Debtdomain this platform provides a seamless transition path for existing users who have recently been acquired by S&P Global. (spglobal.com/market-intelligence)
•
Aladdin by BlackRock: An end-to-end platform for investment managers that provides comprehensive debt analytic tools. It is ideal for Asset Managers, however, it is likely to require significant time to implement. (blackrock.com/aladdin)
What Debt Calculation Capabilities Does IHS Markit Offer?
Debt Amortization Scheduling
Comprehensive and sophisticated modeling capabilities to support the evaluation of leveraged and syndicated loans, including amortization schedules, early repayment of loans, rate shock, and other forms of loan activity such as rollover, paydown, and restructuring.
Interest Rate Management
Modeling capabilities that allow for the evaluation of PIK interest, spread changes, TRS, capitalizing loans, and advanced interest coverage ratio calculations with real-time reporting.
Principal & Issuance Cost Handling
The ability to manage principal balances, paydowns, issuance costs, and track transactions using WSO and Debtdomain platforms.
Debt Recapture Modeling
Over-collateralization and recovery rate modeling with scenario analysis to support performance-based debt adjustments.
Payment Scheduling Flexibility
Cash management capabilities that include payment scheduling, notice processing, and STP for loan servicing.
Multi-Currency Debt Instruments
Multi-currency loan facility support with position linking across assets and currency handling in portfolio reconciliation.
How Does IHS Markit's Debt Instrument Account Mapping Compare?
Account Code
Account Name
Instrument Type
Subaccount Support
Notes
LOAN-TERM
Term Loans
Syndicated term debt
Yes
Supports PIK, restructures, and multi-currency tracking via WSO platform
LOAN-RVOL
Revolving Facilities
Revolving credit facilities
Yes
Handles drawdowns, paydowns, rollovers with position linking across assets
DEBT-PORT
Aggregate Loan Portfolio
Portfolio consolidation
Yes
Credit Manager analytics for IRR, concentrations, weighted average metrics
What Is IHS Markit's Debt System Technical Requirements?
Cloud Deployment Flexibility
Available as installed software or cloud-based solution with scalability for portfolio growth
API Integrations
Extensive integrations with portfolio management software (WSO), custodians, market data feeds, and third-party systems
Real-time Processing
Real-time reporting, notice processing (9.5M/year), and STP for loan servicing with XML transformation
