20 October 2017
Elizabeth Lumley
Elizabeth Lumley

Elizabeth Lumley

Elizabeth Lumley - Girl, Disrupted

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A post relating to this item from Finextra:

Banks to sell stakes in Boat venture to Markit - report

21 January 2008  |  6499 views  |  0
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The City investment banks that set up the MiFID-compliant trade reporting system Boat are selling their stakes in the venture to Markit, the market data vendor that manages the platform, according to...

Markit to take over Boat--according to Reuters

21 January 2008  |  3254 views  |  1

If this Reuters news item turns out to be true, Markit has a very good chance of becoming the number three data vendor behind Reuters/Thomson and Bloomberg.

In fact, Tom Glocer was alledged to have said last year, that Boat would emerge as the data provider to fill the spot left open by the Thomson acquisition of Reuters.

Markit has long been a company to watch, aided by the crediability it garners by managing the RED database for CDSs. Its days as a small, (but smart), company, may be comming to an end.

Who knows? With Sharon Rowlands leaving Thomson once the merger is complete, maybe she will seek out a new home at a new data power-player?

Any thoughts?

 

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Comments: (1)

Paul Penrose
Paul Penrose - Finextra - London | 22 January, 2008, 09:30 We tried to get the Boat people to speak at Finexpo, but they declined, leaving us with the distinct impression that all was not well with the venture. The Reuters' report confirms this, but cites only the banking coalition's wish for an independent entity as the reason for the spin-off.  Markit's a smart company,  but if the problems go deeper they may yet struggle to turn it around. A successful sale would require cast-iron guarantees from the coalition members that they would continue to use the Boat platform as customers.
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job title Global FinTech Commentator
location Crayford
member since 2009
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Global FinTech commentator. Author of the Girl, Disrupted blog

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Member since 2007
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