The mandating of brokers will be accompanied by the removal of Lloyd's accreditation for failure to comply.
The need to work with an integrated solution will become acutely obvious to prevent double keying, and the associated risk of error, not only of the initial submission data and it's accompanying documentation but the returning agreed lines and data updates.
NOVUS will provide PPL as standard for all new 2019 installations and available to existing clients to select as from that time as well.
We are proud of our proactive approach to integrating new initiatives, including the support of the TOM. This is a strategic part of Morning Data's commitment to the London Market.
Lloyd’s of London is to force brokers onto electronic trading platforms by mandating their use by the middle of 2019, according to market sources. To spur adoption rates the initiative will threaten non-compliant brokers with losing their Lloyd’s accreditation.