1. Ensuring a single standard is adopted across the Market so everyone 'speaks the same language'.
  2. Providing a single connection point to remove the need to maintain multiple connections between every trading partner and IT supplier. 

Ultimate vision  

  • Face to face negotiation remains a key strength of the Market; but is supported by electronic messaging 
  • A single standard in use by the Market; everyone speaks the same language 
  • All message types carried over the Exchange; placement, accounting settlement and claims 
  • Straight through processing: enter data once, use throughout the risk lifecycle 
  • Choice: no more ‘one size fits all’ 
  • An efficient, modern Marketplace, leveraging the strengths of our people, process and technology