The European Commission is consulting on commitments offered by ISDA and the information service provider Markit Ltd, to address competition concerns relating to the licensing of data and indices on credit default swaps for the purpose of exchange trading. The Commission's preliminary view is that ISDA and Markit refused to license to exchange trading platforms certain data and indices used by the industry for the pricing of CDS, in breach of EU competition law, which may have blocked or delayed the emergence of an effective market for exchange traded credit derivatives. ISDA and Markit have separately offered commitments to address these concerns.