Liquidnet Europe, a buy-side-only crossing network, has selected a trade reporting platform.
From 5 May, Liquidnet will report all its European equity trades on the Markit BOAT trade reporting platform. It will become the third multilateral trading facility (MTF) to join Markit BOAT since its launch on 1 November 2007.
Since MiFID came into force on 1 November 2007, MTFs are required to report all executed trades in European equities.
“Markit BOAT has a robust technology infrastructure and an attractive commercial model, which are key attributes we look for in any of our business relationships,” said John Barker, managing director at Liquidnet Europe, in a statement. “Just like Liquidnet, Markit BOAT was built to bring a cheaper and more efficient service to the industry.
It therefore made sense from both an operational and business perspective to use Markit BOAT’s trade reporting service.”