LONDON-Although Project Boat has been hailed as the answer to one of the key MiFID reforms due on November 1, 2007, the initiative is facing challenges from the newly created Equiduct as well as from other exchanges mulling their own offers.
Project Boat is slated to provide pre- and post-trade reporting of off-exchange, over-the-counter (OTC) equities transactions in a post-MiFID world. The Project Boat group, officially announced in September, is a consortium of nine investment banks (see a
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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