Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Mike Bellaro, Plato Partnership

30754

Plato Partnership and BMLL Technologies to provide free European equity market quality metric

RELATED TOPICS​

Plato Partnership, a not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, is collaborating with BMLL Technologies to provide twelve daily T+1 market quality metrics to enable more transparency and information across the trading landscape in Europe.

This initiative with BMLL will allow market participants access to metrics that will help improve their execution and implementation processes and ultimately improve results for the end investor.
 
The objective of this collaboration is to improve the overall quality of market transparency, focusing particularly on buy-side participants. This initiative will also provide regulators and policymakers with key information on trading behaviour that is not readily available in order to aid them in making or considering market structure related changes.
 
The metrics will be accessed via a secure dashboard, where participants can register free of charge to view consolidated volumes for a single stock, aggregate of all stocks or by closing auction (for relevant venues) across all venues. The dashboard will also comprise basic analytics capabilities, allowing market participants to drill down to show metrics by venue, allow a time series over the course of a trading day for certain metrics and comparisons against historical periods, other stocks, sectors and indices.
 
The product’s scope is Equities and Equity-like instruments (Shares, ETFs, DRs, Certificates) and definitions and basic calculation logic of each metric will be available to users.

Part of this project with BMLL will involve creating industry standards and definitions designed to help provide answers for some of today’s biggest questions, such as classification of addressable and non-addressable liquidity across venues.
 
The delivery date for the metrics to market participants will be later in 2019.
 
Mike Bellaro (pictured), CEO, Plato Partnership, says: “Plato is delighted to be working with BMLL in providing metrics that will provide market participants with sophisticated metrics which provide a view of liquidity and execution quality on a consolidated T + 1 basis.
 
“We started Plato with a clear mission statement: to give something back to the marketplace and improve the market for end investors. This partnership with BMLL is a huge step forward in realising this mission. In facilitating the data provision, particularly for buy-side participants and regulators locked out by high costs, we hope to improve access to information crucial in moving the market forward.”
 
Ben Collins, Head of Sales, BMLL, says: “BMLL is excited to be providing market participants with access to our data provision and analytics capabilities. Broadening access and facilitating improved research on the buy-side and for regulators is core to our company values: we want to expose and interpret data allowing market participants to make more informed decisions.”
 

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by