Markit cuts delay for free Boat data

Source: Markit

Markit, a leading, global financial information services company, today announced that its Markit Boat delayed data will be made available to the market free of charge following a 15 minute delay compared to the current two hour delay. The change will be effective as of 1 June 2010.

Niall Cameron, Executive Vice President of Markit, said: "The emergence of a consolidated tape in Europe can only be made possible if all data publication venues work together to harmonise their practices, be they time delays or trade flags. It is in that spirit that we have decided to make our delayed data available to market participants on a free of charge basis 15 minutes after the trade is published on Markit BOAT."

Markit BOAT provides a comprehensive view of the European over-the-counter equity markets. The service gives users access to trade reports on an average of EUR 20 billion of OTC trades in equities every day. This is equivalent to approximately 25% of the daily volumes traded on all European equity markets.

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