View more on these topics

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?”


Are resources running out?

Liontrust has started a debate with its suggestion that small cap funds invested heavily in resources could be on the verge of a crash.

Boulger on Mortgages

Minutes published from the latest MPC meeting show that the committee voted seven to two in favour of keeping the Bank of England Base Rate at 4.75 per cent, yet some members conceded that a rise may be justified in due course. For the two in the minority, a rise in interest rates was warranted immediately.

FSA and Ombudsman to implement improved procedures

The Financial Services Authority and the Financial Ombudsman Service have published updated procedures for handling complaints to the ombudsman service which may have wider regulatory implications for firms and consumers. The new arrangements are designed to clarify the different roles and responsibilities of the FSA and the ombudsman service when ‘wider implications’ issues arise; improve […]

Childcare Corporation rises again

Smith & Williamson has introduced Childcare Corporation 8, an enterprise investment scheme that aims to raise money for the building and operation of around three more purpose-built children’s nurseries in the UK.This EIS takes up the objectives of the previous seven Childcare Corporation schemes by providing private day-care facilities for children aged between three months […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm