Boat adds Russian instruments to trade reporting service
Boat Services now supports the post trade publication of Russian OTC trading, by including stocks listed on the Moscow Exchange.
The extended service offering gives Boat participant with the ability to report OTC trades in Russian security instruments, in addition to its coverage of more than 10,000 European stocks and ETFs. The addition covers more than 300 Russian security instruments, including common and preferred stocks.
“We are pleased to partner with Boat and European brokers to allow the voluntary reporting of Russian OTC equities trading activity to Boat,” said Andrey Shemetov, deputy chief executive at the Moscow Exchange. “This initiative has been established in response to requests from the buy-side for more transparency in trading activity in such instruments within Europe. The result will be a more accurate picture of the volume and liquidity of trading in Russian equities in Europe and Russia from which all market participants will benefit.”
Jamie Khurshid, chief executive of Boat said: “Russia is a significant market-place and this addition marks the first step in our strategy to expand the scope of Boat services.”