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BOAT Selects Connectivity and Hosting Partners

London – “BOAT”, a consortium of nine investment banks launched to address regulatory changes in the financial markets with respect to pre- and post-trade market data provision, today announced its selection of BT Radianz and COLT as client connectivity and infrastructure hosting partners. 
 
BT Radianz is one of the leading providers of secure, reliable and scalable connectivity and hosting to the global financial services community. COLT is a leading European provider of high quality communications services to businesses using its wholly owned network and fourteen data centres. Both companies have proven ability to host world class financial systems, and to connect thousands of financial services customers
 
The infrastructure solution was developed by BOAT’s technology partner, Cinnober, and the selection of BT Radianz and COLT to host BOAT’s technology will ensure the trade reporting and OTC pre-trade price transparency platform is available to a broad community of dealers, investment managers and data vendors around the world. BOAT will collect, validate, store, manage and distribute the requisite European equity quote and trade report data over a cost-effective, real-time platform to meet its contributors’ trade data reporting and OTC pre-trade price transparency requirements under MiFID (Markets in Financial Instruments Directive).
 
 
The decision to dual-locate BOAT’s data hosting in London will ensure the platform has low latency and is resilient, flexible and fully redundant to guarantee business continuity. The BOAT application system will be hosted at the London data centres of BT Radianz and COLT which are situated 14.5 kilometres apart with databases synchronised between both sites. Contributors and distributors will be able to connect to the platform via either provider, or both. 
 
 
Duncan Paterson, Managing Partner of Cygnet Consulting, speaking on behalf of BOAT, commented: “BOAT is pleased to announce the appointment of BT Radianz and COLT as hosting partners. Both companies have excellent track records in hosting mission critical platforms, and the choice of two separate hosting centres will ensure BOAT has the highest quality of continuity. This represents the achievement of another key milestone in the BOAT platform which now has all its major service provider partners in place. Contributors can be confident that we will have a robust and easily accessible solution for the pan-European market well ahead of the introduction of MiFID.”
 
Kevin Covington, EVP Product & Business Development, BT Radianz, said: “BOAT is a very important new service provider in the market, and its selection of BT Radianz highlights the benefits that our shared market infrastructure brings to address the largest financial services community with the shortest time-to-market. BOAT’s choice to host its service in our London data centre will provide the platform with the lowest-latency approach to delivering and receiving the highest quality equities data in the European market.”
 
 
Terry Quigley, Head of Financial Services Sector at COLT, stated: “The contract with BOAT is testimony to our long track record as a communications partner to the securities, and wider financial market. It reflects not just COLT's heritage, but our key strength in guaranteeing SLAs and very low latency through the ownership and management of the underlying infrastructure.”
 
 
In January this year, BOAT announced the appointment of Markit Group Limited and Cinnober Financial Technology as business and technology partners respectively.
 
 -Ends-
For further information, please contact:
 
Markit Group Limited on behalf of BOAT
Teresa Chick
Director, Corporate Communications
Tel: +44 (0)20 7260 2094                                                           
 
BT Radianz
Fleur Sohtz 
PR Manager
Tel: +44 (0)20 7650 9186 
 
COLT
Henny Valder
European PR manager
Tel: + 44 (0)20 7947 1610
 
 
About BOAT
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) that was launched in September 2006 in order to create a central platform for the collection, collation, validation, storage and distribution of pre- and post-trade information as required by investment firms operating off-exchange as allowed under MiFID.
 
For more information see www.boat-project.com
 
 
About BT Radianz
BT Radianz is one of the leading providers of secure, reliable, and scalable connectivity and hosting to the global financial services community. BT Radianz’s shared market infrastructure offers a platform optimized for the time-critical demands unique to financial services. The BT Radianz network connects over 10,000 financial sites around the world through a single, redundant, fully-managed connection, while also providing access to more than 400 pre-trade, trade, and post-trade applications from nearly 200 of the world's leading content and service providers across the straight-through processing (STP) chain. BT Radianz is part of BT Global Services. 
One Community One Connection One Focus
 
 
 
About BT
BT is one of the world’s leading providers of communications solutions and services operating in 170 countries. Its principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.
 
In the year ended 31 March 2006, BT Group’s revenue was £19,514 million with profit before taxation of £2,040 million.
 
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. 
 
For more information, visit www.bt.com/aboutbt
 
 
About COLT
COLT is a leading European provider of business communications. COLT specialises in providing data, voice and managed services to midsize and major businesses and wholesale customers. It has more than 50,000 customers across all industry sectors. COLT owns and operates a 13-country, 20,000km network that includes metropolitan area networks in 32 major European cities with direct fibre connections into 10,000 buildings and 14 COLT data centres. 
                                                                            
COLT Telecom Group S.A. is listed on the London Stock Exchange (COLT). Information about COLT and its services can be found at www.colt.net