Demand for imarket, the electronic trading platform, is outstripping expectations, according to system developer Polaris.

Marketing and strategy manager at Polaris, Phil Nunn said that to date, imarket has been rolled out to 660 broking firms, and another 120 have registered to use the system.

Nunn said that the amount of interest from brokers has exceeded Polaris' expectations.

He said the company was initially targeting a user base of 1,000 broking firms by the end of 2004.

Nunn said the development of the system is continuing, with a meeting between Polaris and various software houses to take place in April to begin the integration of other systems with imarket.

Nunn said that Polaris was also developing the commercial content on imarket. He said that there would be further announcements in the coming months.