Which of the following is NOT an example of evaluated pricing vendors?

The correct answer is Fitch Ratings. Evaluated pricing vendors provide pricing information and analyses for various financial instruments, particularly in fixed income markets. They typically focus on providing market valuations, assessments, and analytics for securities based on extensive databases and quantitative methodologies.

Fitch Ratings, while it offers credit ratings and research on various securities, primarily focuses on evaluation related to creditworthiness rather than pricing. Its service is more aligned with assessing risk and credit ratings rather than providing evaluated prices as seen with vendors that specialize in valuations and pricing analytics for fixed income securities.

On the other hand, Thomson Reuters, IDC/ICE, and Morningstar are all recognized evaluated pricing vendors. They specialize in generating pricing data and analytics for a wide range of financial instruments, making them essential for financial analysis and investment decisions. Their services are centered around providing accurate evaluations of assets in the financial markets.