The exchange will be neutral and designed to deliver major cost and efficiency benefits for all participants, regardless of their size or type of business. To ensure neutrality and to guarantee the security and confidentiality of the information communicated via the exchange, Arrideo will be operated by an independent management team. The founding organisations behind Arrideo are seeking to expand equity participation in the company beyond the initial group of partners.
Discussions are well advanced with a number of major firms, both within and serving the industry.
It is anticipated that equity in Arrideo will be held by additional organisations prior to the exchange commencing trading. Exchanges have been created in a number of other industry sectors and in other territories and the founding firms behind Arrideo believe that exchanges are both inevitable within the construction and engineering market and will be good for the whole industry. Arrideo has been formed to ensure that the leading UK construction and engineering exchange delivers benefit to the whole industry. Arrideo believes that the most beneficial exchange for the construction and engineering industry is one designed and operated by the industry for the industry. The initial partners behind Arrideo all operate primarily in the construction and engineering market and can therefore ensure that the exchange is designed to meet the long-term needs of the industry.