Ed looks to bear down on distribution costs

Ed has launched a new placing exchange that it estimates will
cut its own front-end costs per slip by more than 5 percent from as
early as next year, with even larger savings likely once the broker
integrates the system into its back-office functions.
Head of global placement Jonathan Prinn also said the
intermediary planned to cut the commissions it charges carriers as
a result of its own savings.
The wholesale broker's TradEd platform went live last month
for certain...