Insight Innovation Implementation
About Market innovator (MI3)
Integral to Plato Partnership’s vision is academic research – the Market Innovator (MI3). This will produce independent research and analytics, open to peer review, and aimed at seeking out ways in which the Plato community can collaborate to build a better financial ecosystem.
Plato Partnership’s members believe that there has long been a desire to have a mechanism whereby all market participants can collectively address regulatory imperatives, communication flows, or other universal processes that are not competitive differentiators. The economics of tackling those individual issues through a preformed collective will enable Plato Partnership to take serious costs out of the system and earn trust. The members believe that Plato Partnership holds a unique position and through its Market Innovator (MI3), will be able to create a flow of truly compelling proposals.
The Academic Advisory Board
MI3 is supported and overseen by an Academic Advisory Board (AAB), comprising the leading minds of market structure academia. As well as ensuring objectivity in the application of MI3, the AAB will work to broaden Plato Partnership’s academic outreach. At present, the AAB is led by J. Doyne Farmer, Director of the Complexity Economics program at the Institute for New Economic Thinking at the Oxford Martin School, University of Oxford; Andrei Kirilenko, Director of the Centre for Global Finance and Technology at the Imperial College Business School; Professor Carole Comerton Forde, Head of School of Banking and Finance, University of New South Wales Business School and Professor Dr Peter Gomber, Chair of e-Finance, Faculty of Economics and Business Administration, Goethe University.
The European Market Structure Research Network
In conjunction with Imperial College Business School, Plato Partnership is responsible for the European Market Structure Research Network. Led by Dr Andrei Kirilenko, Director of the Centre for Global Finance and Technology at Imperial College Business School, the initiative will build and grow a network that will facilitate independent academic research across the full breadth of the market structure debate.
The initiative marks a realisation of Plato Partnership’s core objective of building a meaningful vehicle with which to combine the expertise of academia and the practical knowledge bank of market participants on both the buy and sell side.
Combining market participants and academics in this way is a global first that allows for the in-depth analysis of consolidated venue data sets usually beyond the reaches of availability to academia. It is expected the research and analysis around this data will provide the foundation for a number of leading conferences and high level industry roundtables to identify and promote appropriate market structures for the benefit of all participants.
Submit your ideas below on areas where we might consider sponsoring research. Or just share your general ideas and feedback on our Market Innovator (MI3)
“This is an exciting and important initiative that explicitly recognises the need for academic research into these key issues. Such research will be significantly enhanced by improved data availability and the implicit links between academic researchers and practitioners that this project envisages.”
Professor Sir John Beddington, head of a wide-ranging UK government-backed 2012 study into the long-term effects of computerised trading on markets
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