Frequently asked questions
- Does Markit BOAT™ offer a data service?
- How does my firm obtain the Markit BOAT™ Data Feed for use in our algorithmic trading applications?
- What are Markit BOAT™’s operating hours?
- How can my firm start reporting OTC equity trades through BOAT?
- How can I receive training on Markit BOAT™’s BCA application?
- Which security instruments are available from the Markit BOAT™ Data service?
- What is a liquid share?
- What are the quote and trade submission hours?
- Will Markit BOAT™ offer delayed data?
- How do I report a problem with Markit BOAT™ Data?
- Under MiFID, Article 27, trade reports can be delayed. What is the delay period?
Does Markit BOAT™ offer a data service?
Yes, Markit BOAT™ distributes real-time trade reported information from over 25 investment firms that currently trade OTC European equities. Additionally, Markit BOAT™ distributes real-time quotes from those firms that are Systematic Internalisers.
The Markit BOAT™ Data real-time service is available from market data providers. Markit BOAT™ Data, 120 minute delayed, is available at no cost. Click here to select your market data provider.
How does my firm obtain the Markit BOAT™ Data Feed for use in our algorithmic trading applications?
The Markit BOAT™ Data Feed solution is designed for an investment firm to have unlimited distribution of Markit BOAT™ content in ‘non-display’ applications, such as algorithmic pricing engines. This content is currently available from these market data provider systems. Please contact Markit BOAT™ Sales to further discuss how to access this information.
What are Markit BOAT™’s operating hours?
The support desk is open from 08:00 - 20:00 (CET/CETS) on all weekdays except Christmas Day and New Year’s Day. Support is available outside these hours via Markit’s global support infrastructure. The Markit BOAT™ support telephone number is + 44 (0) 20 7260 2007
How can my firm start reporting OTC equity trades through BOAT?
If you wish to join Markit BOAT™, please email: markitboatsales@markit.com.
How can I receive training on Markit BOAT™’s BCA application?
If you wish to receive Markit BOAT™ training, please send an email to markitboatsupport@markit.com and someone will contact you to arrange a training session.
Which security instruments are available from the Markit BOAT™ Data service?
Markit BOAT™ is a real-time information distribution platform that reports trade information on over 8,000European securities and quotes on the European liquid shares as defined by the Committee of European Securities Regulators (C.E.S.R.). Updates to these security lists are uploaded into the Markit BOAT™ platform daily by our data team headquartered in
To receive an updated list of the securities currently in the Markit BOAT™ universe, contact the support team at markitboatsupport@markit.com.
What is a liquid share?
A liquid share as defined by C.E.S.R. has the following characteristics:
The share must be traded daily
The free float is not less than EUR 500 million
The average daily number of transactions in the share is not less than 500
The average daily turnover for the share is not less than EUR 2 million
The share must have been traded for at least 6 weeks
What are the quote and trade submission hours?
The Markit BOAT™ system is open from 08:15 to 18:15pm (CET/CETS) for trade reporting, and 08:00am to 20:00pm (CET/CETS) for quotes.
Does Markit BOAT™ offer delayed data?
Markit BOAT™ Data, 120 minutes delayed, is available free of fees via our market data providers.
How do I report a problem with Markit BOAT™ Data?
Our support desk will assist you with problems using the Markit BOAT™ system or if you have a query about Markit BOAT™ data on your screen.
Please contact: Markitboatsupport@markit.com or +44 20 7260 2207.
Under MiFID, Article 27, trade reports can be delayed. What is the delay period?
The following is a matrix which defines the delay periods for reporting a trade:
| Class of shares in terms of average daily turnover (ADT) | ||||||||
| ADT < €100,000 | €100,000 < ADT < €1,000,000 | €1,000,000 < ADT < €50,000,000 | ADT > €50,000,000 | |||||
| Permitted delay for publication | Minimum qualifying size of a transaction permitted for delay | |||||||
| 60 Minutes | €10,000 | Greater of: 5% of ADT and €25,000 | Lower of: 10% of ADT and €3.5m | Lower of: 10% of ADT and €7.5m | ||||
| 180 Minutes | €25,000 | Greater of: 15% of ADT and €75,000 | Lower of: 15% of ADT and €5.0m | Lower of: 20% of ADT and €15.0m | ||||
| Until end of trading day 1 | €45,000 | Greater of: 25% of ADT and €100,000 | Lower of: 25% of ADT and €10m | Lower of: 30% of ADT and €30m | ||||
| Until end of day T+1 | €60,000 | Greater of: 50% of ADT and €100,000 | Greater of: 50% of ADT and €1,000,000 | 100% of ADT | ||||
| Until end of day T+2 | €80,000 | 100% of ADT | 100% of ADT | 250% of ADT | ||||
| Until end of day T+3 | 250% of ADT | 250% of ADT | ||||||
(1) or roll-over to noon of T+1 if trade undertaken in final two hours of trading day
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