Firms Seek Clarity on Boat Data Fees

The terms proposed include an annual charge of $50,000 to use Boat's trade reporting facilities, subject to a rebate of up to 40 percent depending on the quantity and quality of data contributed, sources say, and a monthly fee of around $200 per user for a feed of aggregated data from firms that publish trades via Boat. These "indicative" terms are intended as a starting point for negotiations, sources say.

However, Boat's commercial partner, UK-based data vendor Markit, declines to comment o