Not-for-profit electronic trading specialist Placing Platform Limited has confirmed the next generation of its platform will become available in 2022. The first risk was bound on PPL in 2016 and today it is used by around 380 broking and underwriting firms across virtually all classes of business in the London market.

Bronek Masojada, chair of the PPL Board, said: “The market deserves a victory roll for its adoption of e-placement so far. Nearly 400 firms are active on the platform and there are 3.3 million broker to stamp connections – demonstrating how interconnected the platform is.

“But the market wants and deserves a platform that can help it deliver on its ambition to be digital and that is what the next generation of PPL will do. It will take the market to digital closing of contracts and digital exchange of information.”

He added: “While 2021 was a successful year for growing usage of the platform, we did have to navigate some build difficulties with Next Gen which has lost us some time. But progress is being made and the teams are working hard to catch up and we are confident that we will deliver the first version in 2022.”

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