BOAT, the MiFID-compliant trade reporting platform, today announced it will offer its real-time data set free of charge to both potential and existing clients until 1 January 2008 as part of a marketing initiative to demonstrate the value, accuracy and breadth of its data.
"BOAT will allow market participants to gain a comprehensive view of the pan-European OTC equity markets for the first time," says Will Meldrum, managing director and head of BOAT at Markit, BOAT's business partner. "As this data set is a completely new proposition, we think it important to offer it to potential and existing clients free of charge for a limited period. This will give end-users the opportunity to use the data and fully assess its value before it becomes a fee-paying service.
"BOAT aims to bring greater transparency to the OTC equity markets by making data available to as wide an audience as possible. With just over a fortnight to go until the launch of BOAT, we remain committed to an ongoing consultation process with clients and key stakeholders," he continues.
BOAT is a pan-European trade reporting platform launched to address the regulatory changes brought about by MiFID. It will enable market participants to report OTC trades in equities, in compliance with the directive, and will pool and disseminate both pre-trade quotes and post-trade reports, says the firm.