Nyse Euronext and Markit Boat in OTC data reporting play

Nyse Euronext and Markit Boat in OTC data reporting play

Nyse Euronext is partnering with trade reporting venue Markit Boat to drive an OTC data consolidation initiative designed to enhance post-MiFID market transparency.

Under the agreement, Nyse Technologies will integrate data from Markit Boat within its own range of market data products. This will give joint users access to reports on roughly EUR30 billion of OTC trades in equities every day, representing approximately 80% of the daily volumes traded on all European equity markets through April 2010.

The initiative is open to other publication venues in Europe says Niall Cameron, EVP, Markit

"Data consolidation within the European equity markets can be made possible if all publication venues work together to harmonise their datasets," he says. "This is a wide-ranging and ambitious project that we hope will attract a number of other publication venues across Europe."

The new service will include deployed data feeds, hosted and managed services, and historical products. The OTC feeds are available as stand-alone packaged products or in a consolidated format via Nyse Technologies' Secure Financial Transaction InfrastructureTM (SFTI) network.

The feeds will also be available in Nyse Euronext's data centres and via a Nyse Technologies Web services platform to be launched later this year.

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