| Markit BOAT is a MiFID-compliant trade reporting platform which enables MTFs and investment firms to meet their pre- and post-trade transparency obligations for their cash equity trades. |
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| Product summary: |
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| Markit BOAT Trade Reporting Service offers a flexible commercial model that includes a trade reporting fee rebate and an additional royalty component. Trade reporting clients share in the revenue generated from data licences while having the flexibility to report an unlimited number of trades at a fixed annual fee. |
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| Key benefits: |
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| Trade Data Monitor (TDM) status awarded by the UK Financial Services Authority providing 'safe harbour' to reporting firms |
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| Enables firms to meet all their pre- and post-trade transparency obligations accurately and within the specified MiFID timeframes |
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| Industry standard trade reporting best practices supplemented by continuous compliance support |
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| Data published to the market through twelve leading market data solution providers |
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| Participation in a partnership revenue model |
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| Membership of user group responsible for product development |
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| Key functions: |
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| Flexible, resilient infrastructure, built using industry-standard technology |
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| Automated FIX and manual web-based trade reporting |
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| Multi-currency capability |
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| Daily trade data monitoring reports and monthly trade data quality reports |
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| Pre-trade quotes and post-trade reports thoroughly validated in real-time |
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| Trade reports stored for a minimum of five years |
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