Mortgage Trading Exchange's decision to open its electronic trading standards to allow them to integrate with other platforms shouldn't really come as a surprise.
Actually if anything it's common sense – call it survival instinct if you like. After all, MTE faces competition from a common set of e-trading standards. That would mean intermediaries would be able to deal direct with lender websites using a common username and password, among other additional benefits. Intermediaries would probably still use MTE because of the fact that it is a central trading platform but if dealing with lenders direct were made easier MTE could face a drop in the number of its users. Now while we may be a very long way away from Origo actually achieving anything like...
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