IHS and Markit – what could possibly go wrong?

Why would this be of any concern to you? Well they’re possibly hoping it’s all so boring you’ll just skip over it:


Ken Craggs though did not skip over it. As with all Ken’s link-laden pieces, it would take you ages but if you persevered, you’d have an idea what’s going on in data and how it affects you.

IHS Markit: Spearheading a Multi-Industry Cartel.

In January 2006, Markit and CDSIndexCo (a consortium of 16 investment banks including ABN AMRO; Bear Stearns; Lehman Brothers; JPMorgan; Bank of America; Goldman Sachs; BNP Paribas; Barclays Capital; HSBC; and UBS, launched ABX.HE, an asset-backed credit derivative index that allowed investors to trade long or short U.S. subprime mortgages. The global financial crash began in 2007 with a crisis in the subprime mortgages market in the USA, and developed into a full-blown international banking crisis with the collapse of the investment bank Lehman Brothers on September 15, 2008. At the height of the crisis, when the U.S. economy was on the brink, it was to the Rothschild controlledBlackRock that the U.S. government turned to for help.

Markit Group Limited (previously named Hackremco (No. 1804) Limited) was incorporated on 22 March 2001 by Hackwood Directors Limited & Hackwood Secretaries Limited (both owned by Linklaters LLP). Markit Group Limited (Markit) was founded to develop a credit data platform for managers of credit risk portfolios. Other companies that were previously called Hackremco include J.Rothschild Assurance Management Services Limited; The Economist Group (Investments) Limited (Lynn Forester de Rothschild on Board); Goldman Sachs Strategic Investments (UK) Limited; NatWest Corporate Investments; Electronic Funds Transfer (Clearings) Limited; BNP Paribas Trust Corporation UK Limited; Ernst & Young Sweden Participation Limited; BP+Amoco International Limited; De Beers Intangibles Limited; and Reuters Holdings Limited. In addition to companies initially founded as Hackremco Limited, also see Trushelfco Limited.

In what is known as an ‘inversion‘, IHS which was founded and based in Colorado, USA, merged with the smaller London-based Markit to form IHS Markit which is headquartered in London, UK, to reduce U.S. tax burdens. See this article about why U.S. companies won’t take their trillions in profits back to the U.S. to avoid paying $695 billion in tax.

IHS Markit customers (cartel members) include banks, central banks, stock exchanges, auditors, regulators, hedge funds, insurance companies; and span industries including government & military, aerospace & aviation, petrochemical & energy, architecture/engineering/construction, automotive, electronics & electrical, telecommunications & utilities. An initial public offering (IPO) of Markit shares in 2014 included a conflict of interest due to many of the Markit shareholders including JPMorgan, Goldman Sachs, Barclays Bank, HSBC, BNP Paribas, and UBS, also being the underwriters.

Daniel Yergin is the Vice Chairman of IHS Markit, Chairman of IHS CERAWeek, and a member of President Donald Trump’s Strategic & Policy Forum. IHS Markit tells us it is a global research and analysis firm of 14,000 people and has 50,000 customers in 140 countries, 85% of the Fortune Global 500, and 94 of the largest 100 U.S. corporations.

IHS Markit also offers comprehensive training courses in anything from software programs to military operations.

CERAWeek hosted by IHS Markit is the premier annual international gathering of energy industry leaders, experts, government officials and policymakers. The speakers list and agenda of CERAWeek 2017 reads like a Who’s Who of the global energy industry and includes off-the-record discussion on key issues shaping the energy future, private summits and networking events. The 2016 speakers which included the President of Mexico, Foreign Minister of China, the Chairman of the State Grid Corporation, and the Managing Director of Russia & Caspian Energy and Eurasian Transportation Forum, and includes the leadership circle program. Whether a company wants to identify the safest drilling location or value an oil or coal asset, IHS Markit says their 600+ energy experts and 800+ geoscientists and engineers can help.

On 24th January 2017, President Donald Trump signed a number of executive orders that will allow construction of the Dakota Access and Keystone XL pipelines to move forward. The TransCanada Corporation is behind the Keystone XL pipeline which was proposed in 2008 and is planned to run from Alberta, Canada, to the refineries along the U.S. Gulf Coast. The company Energy Transfer Equity is behind the Dakota Access pipelinewhich was announced in 2014 and is due to run from northwest North Dakota, USA, to Patoka, Illinois, USA.

IHS Markit acquisitions include the Canada land sales, rig activity & drilling records of CWD Inc. In early January 2017, 66.1 thousand hectares of land, including oil sands, were sold in Alberta, Canada, with an average sale price of $192.55 per hectare. IHS Markit also owns the Oil Price Information Service (OPIS) which serves the energy supply chain worldwide; the Global Trade Information Service (GTIS), and Lloyd’s Register of Ships. Over 90% of international trade occurs by shipping.