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Multi-ties are planning to set up trading hubs to bypass portals

Big multi-tie operations are planning to create trading hubs to bypass major web portals, according to Focus Solutions managing director Nigel Smith.

He is working with several multi-ties which are looking at technology solutions, including direct routes to quote services to save money and increase efficiency.

Smith says some multi-tie proposals will have the financial and technological means to go it alone without using portals such as Webline, The Exchange or Assureweb.

He says the most important element of future technology developments in the industry will be keeping to the standards offered by Origo rather than rigidly relying on portals.

Webline managing director Paul Holland says he cannot understand why providers would want to work in this way when they have seen how much time and money has been spent developing the major portals.

Holland also sees problems developing if the relationship of the multi-tie panel changes. The major three portals all provide software to switch panellists in seconds but Holland says it would create major headaches for any trading hub that needed to do this.

Smith says: “A number of very large multi ties we are working with are looking at direct ways of working which do not involve the major portals.”

Holland says: “Why buy a do-it-yourself car kit when you can get a ready-made Rolls-Royce like ourselves off the shelf?”

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