Saxo To Start CFD Trades Via Markit BOAT

Markit, a global financial information services company, will provide the first contract for difference (CFD) trade reporting system toSaxo Bank. The firm will start to report its contract for difference (CFD) trades throughMarkit BOATin September 2011.

The move will make the CFD product 100% comparable with the listed stocks traded at the exchange. Markit BOAT provides users access to trade reports on an average of €375 billion of OTC trades in equities every day.

Click here for the release fromPR Newswire.