CME Group, an American global markets company, and IHS Markit, an American-British information provider based in London, agreed to combine their post-trade services to form a joint venture. Financial terms were not disclosed. "As OTC derivatives markets become increasingly fragmented, market participants are seeking to more effectively manage their risk and optimize their balance sheets. By combining the strengths of these diverse businesses into one organization, the joint venture will be better positioned to serve clients worldwide by driving innovation, developing valuable products and providing operational efficiencies," Terry Duffy, CME Group Chairman and CEO. One 4 June, 2021; CMA launches a probe into the joint venture of CME Group and IHS Markit.