The Lloyd's franchise board will this week meet with directors of Kinnect to determine the future of electronic trading at Lloyd's.
New Kinnect chairman Michael Dawson and chief executive Steven Haasz are expected to outline three potential options to salvage a project which has so far cost the market over £70m.
The Kinnect board is understood to have provisionally agreed to outsource the re-coding of the existing platform to Indian firm Tata.
But the plan has proved unpopular within the market, and a Lloyd's spokeswoman has confirmed that no contracts have yet been signed.
Electronic trading service RI3K is also understood to be vying for the business.
A third option would be to make Aon's in-house electronic platform, Aon Broking Connections, available to the wider market. This would largely depend on the co-operation of the broker.
David Smith, managing director of Lloyd's software specialist, Sequel, said: "Aon has proved that high-volume electronic trading can be achieved, but whether it is realistic to adopt across the board is another matter."
Lloyd's declined to comment.
