A consortia E-marketplace is jointly formed by industry leaders. It enables a trading company to concentrate on the substantial portion of their industry trading volume. It provides extensive networks of suppliers including distributors and sellers. The founding companies of a consortia E-marketplace are strong— that is why most of their suppliers and buyers join their network. Consortia E-marketplaces operate neutrally and independently from their owners since they are established as independent companies with an Independent CEO and an independent management board.
Consortia E-marketplaces are typically buyer-driven marketplaces, such as automotive, health care and aerospace industries. In this E-marketplace, buyers are consolidated into a few dominant manufacturers.