Top banks get the BOAT to MiFID compliance

News

Top banks get the BOAT to MiFID compliance

Antony Savvas

Barclays Capital, BNP Paribas, Dresdner Kleinwort, JPMorgan and Royal Bank of Scotland have selected the BOAT platform for meeting the Markets in Financial Instruments Directive (MiFID) pre- and post-trade reporting obligations.

BOAT was formed by a consortium of banks to help address regulatory changes in the financial markets covering pre- and post-trade market data provision.

The European Union MiFID directive comes into force this November, and seeks to create a standardised pan-European financial services market.

Will Meldrum, head of BOAT, said, “We are delighted that these key customers have chosen to use the BOAT platform. This will aid transparency and operational efficiency in the over-the-counter equity markets.”

Guillaume Lemarchand, co-head of global execution services at BNP Paribas, said, “By teaming up with the consortium, we will minimise costs and be able to invest more in tailored client-specific products and services.”

BOAT is open to all market participants.

Your way through the legal maze >>

Don't underestimate Mifid IT security, warn experts >>

BOAT project >>

Comment on this article: computer.weekly@rbi.co.uk


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy