An industry standard trade reporting platform

Markit BOAT™ is a MiFID-compliant trade reporting platform* which enables investment firms to meet their pre-trade quoting and post-trade reporting obligations for all their OTC trades in equities. The platform collects, collates, validates, and stores OTC trade data and publishes it to the market in real-time. The data will give users a comprehensive view of the European OTC equity market and will help market participants develop trading and investment strategies.

Markit BOAT™ trade reporting service offers the following:

Service features

• Flexible, resilient infrastructure, built using industry-standard technology
• Pre-trade quotes and post-trade reports validated and published in real-time
• Automated and manual trade report monitoring
• Trade reports stored for a minimum of five years, with easy client access and retrieval
• Data published to the market through leading market data solution providers.

Service benefits

• Enables users to meet their trade reporting obligations accurately and within the specified MiFID timeframes
• Participation in a partnership revenue model
• Membership of user group responsible for product development

A partnership revenue model

Markit BOAT™ Trade Reporting Service is €40,000 pa with a rebate component. This is a flat fee that provides our clients the flexibility to do unlimited trade reporting through our service.

Trade reporting clients share in the revenue generated from data licences and are automatically members of the Markit BOAT™ user group.

If you are interested in using Markit BOAT™ for your OTC trade reporting, please contact us on +44 (0)20 7260 2424.