Boat adds Russian instruments to its trade reporting service

Boat Services Ltd has confirmed they now support the post trade publication of Russian OTC trading, by including stocks listed on the Moscow Exchange (MOEX). Boat is the only exchange-independent trade data monitor (TDM), and the only one recognized by both the Financial Conduct Authority (FCA) and SIX Swiss Exchange.

“We are pleased to partner with Boat and European brokers to allow the voluntary reporting of Russian OTC equities trading activity to Boat,” says Andrey Shemetov, Deputy CEO at MOEX. “This initiative has been established in response to requests from the buyside for more transparency in trading activity in such instruments within Europe. The result will be a more accurate picture of the volume and liquidity of trading in Russian equities in Europe and Russia from which all market participants will benefit.”

The extended service offering equips every Boat participant with the ability to report OTC trades in Russian security instruments, in addition to its coverage of more than 10,000 European stocks and ETFs. The addition covers more than 300 Russian security instruments, including common and preferred stocks.

“We are unique in being the only trade reporting service to offer Russian instruments in our broad service portfolio,” comments Jamie Khurshid, CEO of Boat Services Ltd. “Russia is a significant market-place and this addition marks the first step in our strategy to expand the scope of Boat services.”

With its core business focused on reg reporting, Boat is committed to offering continual improvements in reporting services and simplicity in an increasingly complex regulatory environment. Since 2007 Boat has enabled SIs, MTFs and investment firms to meet their pre-trade quoting and post-trade reporting obligations for all their European OTC cash equity trades.

Ever since the inception of Boat, Cinnober has provided the core technology. The offering now includes advanced services based on Cinnober’s innovative product portfolio, including crossing solutions and risk services.

About Boat Services
Boat was established in response to the regulatory pressures introduced when MiFID was implemented, offering MTFs, SIs and investment firms an easy and cost-efficient way to comply with the new transparency obligations. Ever since Boat’s inception, its core technology has been supplied by Cinnober. In 2014 Cinnober acquired Boat ensuring the continued existence of an independent provider, committed to the long term delivery of services. With the implementation of MiFID II and MiFIR, the primary purpose of Boat is as relevant as ever. Boat is committed to extending its services to help financial institutions stay apace with new regulatory obligations and create a competitive edge. Boat’s services include comprehensive OTC trade reporting and data services, as well as sophisticated trade surveillance, crossing and portfolio risk management. For additional information, please visit www.theboatplatform.com

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