At a meeting of the PPL Board today, a unanimous decision was taken that the NextGen version of the placing platform would be built by Deloitte.

Bronek Masojada, Chair of the PPL Board said “This was an important decision for the market in its journey towards more efficient and effective electronic placement of risk.  PPL has undertaken extensive work to look at the two main options available; to continue to build our own platform or to partner with an existing offering. The pros and cons for each choice were explored thoroughly and presented to the Board.

“The choice of Deloitte offers the market the control that it wants on the development of the platform – both now, and in the future, and a partner that has been deeply involved in the build so far, offering expertise and continuity. We are very much looking forward to building on the strong work done so far on NextGen and delivering the platform that the market wants and needs.”