Equiduct Challenges Project Boat

Project Boat is slated to provide in a post-Mifid world pre- and post-trade reporting of off-exchange, over-the-counter (OTC) equities transactions. The Project Boat group, officially announced in September, is a consortium of nine investment banks—ABN Amro, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Merrill Lynch, Morgan Stanley and UBS—declaring that they would collaborate to construct a system for posting off-exchange OTC equities transactions (DWT, Oct. 23). Official

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