IHS Markit Cancels Derivatives Unit Sale

The information provider will now keep MarkitSERV, despite putting it up for sale earlier this year.

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IHS Markit has decided to take MarkitSERV, its post-trade processing business, off the market, weeks after the unit announced a major overhaul of its technology base, after failing to secure acceptable terms with potential acquirers.

The information provider had said in May that it would be looking for a buyer for MarkitSERV at the same time as it announced its acquisition of Ipreo, a data analytics specialist.

Sometimes described as the nerve center of the post-trade market in derivatives,

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