Cinnober's subsidiary Boat Services Ltd has provided trade reporting services since its inception in 2007, helping financial firms comply with their pre- and post-trade transparency obligations under MiFID (Markets in Financial Instruments Directive).
TRADEcho is a partnership between Boat and the London Stock Exchange Group. It is a one-stop-shop service, reaching across asset classes to offer buy and sell side firms easy compliance with transparency obligations also under MiFID II.
Together Boat and the London Stock Exchange manage a substantial share of firms’ current MiFID trade reporting. By joining forces and building on unparalleled experience and expertise in regulatory reporting, the partnership can offer a comprehensive service that eases the regulatory burden on financial firms.
Services include SI determination and quoting, trade reporting, off-book on-exchange reporting, cleared reporting and a smart report router.