UK Banks Plan Own Data Platform for Off-Exchange Trades
LONDON-In light of the MiFID reforms to come, UK banks are reportedly working on a project dubbed Project Boat to create a new trading data platform to aggregate the data from off-exchange trades, which currently must be reported to the London Stock Exchange (LSE).
"The project has been in discussion since late last year," says Chris Pickles, chairman of the MiFID Joint Working Group (JWG). "It's not a commercial secret," adds Pickles, who is also the manager of industry relations at BT Radianz.
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