Why you need Markit BOAT Data™
When the European trading community adopted MiFID on 1 November 2007, the finance market was transformed by the requirement to report off-exchange equity trades. Our trade reported data is aggregated from over 25 leading investment firms and multi-lateral trading facilities (MTFs), which are using the Markit BOAT™ platform to report their off-exchange trades. Markit BOAT™ captures, validates, aggregates and distributes this data, much of which includes large volume trades that have a significant influence on the direction of the price of a share.
With over €26 billion in volume being reported via the platform every day, Markit BOAT™ has approximately a 25% market share. Markit BOAT™ provides the most valuable and comprehensive view of the European equities market.
Real-time OTC data on your screen
Markit has built its business on providing high-quality data to remanding users in the financial trading markets. Markit BOAT™ Data leverages that expertise to ensure integrity of the real-time trade pricing and volume data as well as pre-trade quotes on the most liquid shares. Markit BOAT™ continuously expands its instrument universe available for post-trade reporting. We currently support more than 8,000 stocks for post-trade reporting and provide pre-trade quotes on the universe of ‘liquid shares’, as defined by the Committee of European Securities Regulators (CESR).
Who will benefit from Markit BOAT's™ real-time data?
- Trading and sales will have a clearer view of the market and therefore be able to make more informed investment decisions
- Algorithmic traders can incorporate the validated OTC information into their programmatic models, improving the accuracy of trading execution
- Risk management departments can use Markit BOAT™ data for VaR calculations, scenario testing and P&L analysis
- Asset managers use Markit BOAT™ Data to provide them with the most comprehensive view of pan-European equities and for broker transaction cost analysis.
- Compliance and back-office can monitor regulatory and internal compliance and substantiate the firm’s best execution practice as required under MiFID.
It is quick and easy to subscribe
Subscription is per user, meaning you pay just once to receive Markit BOAT Data, irrespective of how many market data screens are used at your desk.
A Markit BOAT™ Data real-time access is €120 per user per month or available with a 120 minute delay at no charge. Markit BOAT™ Data is available from the following market data solution providers:
- Bloomberg
- FactSet
- Fidessa
- GL
- Goldman Sachs RediPlus
- Interactive Data
- Markit
- ProQuote
- Telekurs
- Thomson Reuters
- Townsend Analytics, and
- Wombat.
