LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Plato Partnership, a not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, just announced 15 new Plato Partners.
The new Partners include:
- BBVA Asset Management,
- Capital International Ltd, part of the Capital Group,
- Commerzbank AG,
- Instinet Europe Ltd,
- Legal & General Investment Management,
- Macquarie Group,
- RBC Capital Markets,
- Rosenblatt Securities Inc.,
- Standard Life Investments Limited,
- T. Rowe Price.
Plato Partnership is driven by a collaborative approach from both buy side and sell side firms who want to have a positive impact on market structure and efficiency.
Mike Bellaro, Plato Co-Chair and Global Head of Equity Trading, Deutsche Asset Management, said:
When we set out on the Plato Partnership journey our central objective was to create a collaborative and inclusive group through which we were able to address the biggest issues facing today’s equity trading marketplace. Today’s announcement is a major milestone in delivering that vision, with some of the biggest firms in the market joining the existing founding Plato members to create a group that is absolutely unique. We now have the representation and the financial resources to fund significant initiatives that will have a tangible impact on the marketplace. One initiative being considered currently is IOIs, an increasingly important issue for market participants, and we expect to provide insight and output on this in the coming months.
Nej D’jelal, Plato Co-Chair and Managing Director, Head of Electronic Equities Product, EMEA at Barclays, added:
This exciting announcement reinforces the core role of the trading community in driving forward Plato Partnership initiatives to reduce trading costs and simplify market structure. Following the successful launch of Turquoise Plato and The Market Innovator (MI3), we look forward to the steer of the Plato Partnership community to continue to deliver in the interests of end investors. Plato Partnership is very much about delivering tangible outcomes in the interests of end investors and we hope to soon make some more exciting announcements”