Cinnober takes fight to Bats with Boat deal

Swedish technology firm's move to take control of Markit's Boat reporting service puts it into competition with Bats Chi-X Europe in over-the-counter equity trade reporting

Cinnober and stock exchange Bats Chi-X Europe are to go head-to-head with rival equity trade reporting offerings.

Stockholm-based Cinnober acquired Markit's Boat reporting service on Tuesday, according to a statement. It has provided the underlying technology to the service since 2007.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump