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NYSE Technologies™, the commercial technology unit of NYSE Euronext and Markit, a leading, global financial information services company, today announced the launch of a joint initiative designed to consolidate data and enhance transparency in the European over the counter (OTC) equity markets.
As part of this initiative, NYSE Technologies will integrate data from Markit
BOAT, the largest trade reporting venue in
The initiative is open to other publication venues in
“By working with Markit, we will offer our diverse client base and vendor
community a consolidated OTC trade data product that provides enhanced levels of
transparency, broad market coverage and simplifies data distribution,” said
Mark Schaedel, Senior Vice President, Global Data Products, NYSE Technologies.
“We are very excited to be working toward a seamless, market-wide OTC data
solution with Markit that improves the quality of market data across
“Data consolidation within the European equity markets can be made possible
if all publication venues work together to harmonise their datasets. It
is in that spirit that we are launching this initiative with NYSE Euronext,”
said
The new service will include deployed data feeds, hosted and managed solutions, web services and historical products. NYSE Technologies will also integrate data from Markit BOAT and other data providers into packaged solutions which provide customers with a single view of activity across all major European cash equity markets.
NYSE Euronext customers, including investors connecting directly and data vendors, can access OTC feeds from Markit, NYSE Euronext or both post trade products in a consolidated format via NYSE Technologies’ Secure Financial Transaction InfrastructureTM (SFTI) network. The feeds will also be available in NYSE Euronext’s data centres and via a low cost, easy access NYSE Technologies web services platform to be launched later this year. Both parties remain committed to working with CESR, the European Commission and their respective data contributors and consumers to ensure that these offers support all future MiFID requirements.
For more information about this initiative and product suite, please visit: www.nysedata.com/OTC-Europe or www.markit.com/boat
