Markit Boat Plans Granular Trade Tags, Tops Data Reporting

Markit is leading a best-practice initiative around trade reporting to help improve the quality of its data. The vendor has been holding regular meetings with individual banks and buy-side firms, as well as trade industry bodies, such as the Investment Management Association (IMA) and the London Investment Banking Association, says Markit Boat managing director Will Meldrum.

The goal of the initiative is to give users of Markit's data more detailed information on the types of trades being exe

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