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Markit Ltd. (MRKT) provides financial information services worldwide.
It operates through three divisions: Information, Processing, and Solutions.
The Information division provides pricing and reference data, indices, and valuation and trading services across multiple asset classes and geographies through direct and third-party distribution channels. Its products and services are used for independent valuations, research, trading, and liquidity and risk assessments.
The Processing division offers trade processing solutions for over-the-counter derivatives, foreign exchange, and syndicated loans.
The Solutions division provides configurable enterprise software platforms, managed services, and hosted custom Web solutions. The companys customers include banks, hedge funds, asset managers, accounting firms, regulators, corporations, exchanges, central banks, and trading venues.
Shares have formed a bullish "flag" after the firm merged with IHS, Inc. The news was applauded by the investors. Higher share prices are expected for this stock. Note that the firm reports its earnings tomorrow.
52-Weeks Trading Range: $24.96 - $35.77
Entry Point: $34.50
Stop Loss: $32.75
Target Price: $37.95
MRKT closed at $30.85.
