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21 January 2008 | 6539 views | 0
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...
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?