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.

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
• Multi-currency trade reporting platform
• 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 offers three commercial models that include a rebate and royalty component.  Trade reporting clients share in the revenue generated from data licences and are automatically members of the Markit BOAT™ user group.  Our trade reporting service provides clients the flexibility to report an unlimited number of trades at a fixed annual fee.

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