Markit Preps 'Second-Gen' Boat Data

Will Meldrum, managing director of the business, which will now be known as Markit Boat, confirms that the vendor plans to launch "second-generation products in the coming months."

Though Meldrum declines to specify what new products are in the pipeline, others speculate that Boat's data could have broader potential uses than originally envisaged, and that the vendor could easily create a series of equity indexes from the data, particularly with the know-how acquired via Markit's recent purchase