BOAT MiFID Compliant Solution
BOAT is a consortium of nine leading investment banks (ABN AMRO, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Merrill Lynch, Morgan Stanley and UBS) launched in September 2006 to create a MiFID-compliant central platform for the collection, collation, validation, storage and distribution of pre-and post trade information.
Services
BOAT will offer the following:
- A pre- and post-trade reporting venue to meet MiFID requirements
- Monitoring and validation of contributed data
- Storage of all quote and post-trade data for the regulatory period
- Distribution of trade data to banks and MDV’s
The BOAT service will be managed from Markit's London office and will be supported by Markit and Cinnober.
The data centres will be located in London with connectivity being provided by BT Radianz and Colt; APIs are based upon the industry standard FIX protocol.
BOAT inbound and outbound data flow
Key Features and Benefits
- Flexible platform specifically designed around trade reporting for MiFID
- Ability for all market participants to share in the market data revenues
- Contributor rankings of performance and market share
- Membership of a user group responsible for product developments
- TDM compliant
- Rich source of off exchange trade information
BOAT Data
The BOAT data service will be the first consolidated pan-European off exchange data feed. It will be indispensable to proprietary traders, pension funds managers, hedge funds and asset managers and algorithmic traders. A data licence is available by data feed or on a per user licence basis.
