Instinet Europe Ltd is switching the reporting of all trades from its BlockMatch MTF to Markit BOAT. Since its launch in 2008 as an MTF, BlockMatch trades have always been reported immediately.
Instinet will continue to report BlockMatch trades in real time but will now report to Markit BOAT where the trades will be identifiable by the BlockMatch MIC (BLOX) in accordance with the MIFID post-trade transparency requirements.
Markit BOAT is the largest trade reporting venue in Europe with 74% market share of MiFID OTC trade reporting. This represents 22% of combined on-and-off exchange turnover in Europe(Source: Thomson Reuters).
Instinet BlockMatch joins the following brokers and MTFs reporting their cash equity trades on Markit BOAT:
| Alliance Bernstein | ITG |
| Bank of America Merrill Lynch | ITG POSIT |
| Barclays | JPMorgan |
| Block Cross | Knight |
| Block Match | Liquidnet |
| BNP Paribas | Link Asset & Securities |
| Calyon | Marshall Wace |
| CA Cheuvreux | Morgan Stanley |
| Citadel | Neonet |
| Citigroup | Nomura |
| Conduit Capital Markets | NXEU |
| Credit Suisse | Olivetree Securities |
| Deutsche Bank | Pipeline Financial Group Limited |
| Evolution Securities | Royal Bank of Scotland N.V. |
| Goldman Sachs | State Street |
| HSBC | Sucden Financial |
| ICAP | Troika |
| ING | UBS |
| Instinet |
