Plato Partnership Newsletter February 2020

Tradeweb

Tradeweb’s European cash equites RFQ “eblock”, developed in partnership with Plato, recently marked its one year anniversary and what a year it has been. Tradeweb has demonstrated that the RFQ has very low toxicity and that it is a stable pricing protocol. One year on, Tradeweb are now supporting both above and below LIS whilst liquidity provision has grown significantly, the average trade size has increased, quoted spreads have improved and the speed of response continues to get faster.

Clients can also create bespoke rules using the AiEX tool (Automated Intelligent Execution) to trade directly from their EOMS. The tool will allow clients to conduct an initial sweep of the market to see if a contra IOI is available and only when it is, will an RFQ be activated.

The cash equity RFQ protocol has established itself as a key tool in the search for principal liquidity, and we are excited about the new developments and to see it evolving over the next year.

 

New Members Join Plato Partnership

We are delighted to announce that that T. Rowe Price, Allianz Global Investors, Schroders, Credit Suisse International and Exane BNP Paribas are now members of the Partnership. As five of the leading players in the modern equities marketplace, this news punctuates the end of a milestone year for Plato Partnership.

In 2019 alone, Plato have forged two new partnerships with best-in-class data providers BMLL Technologies and Babelfish Analytics, and brought AIR Summit to London, an entirely unique annual conference, connecting the European buyside with cutting-edge players in Alphatech from across the globe.

None of this would have been possible without our members and sponsors, we would like to use this opportunity to thank you for your continued support. Together we know that the Plato Partnership is set to grow from strength-to-strength.

Platometrics

Platometrics, in partnership with BMLL Technologies, has been a resounding success. With the launch of the platform in early December, Platometrics is the first service of its kind, providing market participants with a complete picture of trading data and trends from European venues, entirely free of charge. Platometrics has already garnered hundreds of active users, and positive feedback from across the board.

Mike Bellaro, CEO of Plato Partnership, said:

“The metrics provided by Platometrics offer an easily accessible and coherent view of a large complex data set. This was previously only possible with a large data warehouse and understanding of complex data analysis tools.”

Sign up for Platometrics for free HERE

AIR Summit London 2.0

The Plato Partnership and AIR Summit are excited to be returning to London in 2020 for AIR Summit London 2.0.  Please save the date for this invitation-only event on 7th May in Canary Wharf. You can find out more and request an invite via AIR Summit.

AIR is the only community and event focused exclusively on emerging technology and innovation improving the investment process. It brings together senior level decision-makers from the world’s leading investment firms across trading, portfolio management, research, data science and risk management functions. They curate leading-edge technology firms offering solutions that improve decision making in the investment management process.