Profits at Markit, the budding data giant, rose by 67% last year, as the credit crunch increased demand for the company's derivatives information and processing services.

London-based Markit said earnings before interest, tax, depreciation and amortisation increased to $69m (€54.7m) in 2007, from $41.3m the previous year. Revenues swelled 72.8% to $179.4m in the period, having quadrupled in the two years to 2006, the company said.