Markit, the London-based derivatives data provider, has struck a deal that will add some of the most widely-used credit derivative index families, including the iTraxx and ABX indices, as demand grows for a higher level of pricing transparency in the sector.

Over the past 6 months, Markit moved to acquire both International Index Company and CDS IndexCo, which own synthetic structured finance and loan indexes, in a bid to expand and force further transparency in the credit derivative market space. Markit aims to launch new index families from both firms.