2021 Plato Market Innovator (MI3) Conference

In its fifth year, the Plato Market Innovator (MI3) academic conference took place during the COVID-19 Pandemic. MI3 is where the leading academics and practitioners meet to discuss the most pertinent topics in the Capital Markets.

The conference took place online on:

Tuesday 29th June: 10:00-12:00 and 13:00- 15:00 (UK time)

Wednesday 30th June: 10:00 - 12:00 and 13:00- 15:00 (UK time)

Interview with 2021 Market Structure Award for Excellence winner, Anish Puaar

2021 MI3 Conference Papers


Competition and Exchange Data Fees

James Brugler, University of Melbourne

Jonathan Brogaard, University of Utah

Dominik Roesch, State University of New York


Informed Trading and the Dynamics of Client-Dealer Connections in Corporate Bond Markets

Robert Czech, Bank of England

Gabor Pinter, Bank of England


Who trades at the Close? Implications for Price Discovery, Liquidity and Disagreement (US research)

Vincent Bogousslavsky, Boston College

Dmitriy Muravyer, Michigen State University


Trading @ the close (European Research)

Barbara Rindi, Bocconi University

Carole Comerton-Forde, UNSW


Quantifying the High-Frequency Trading “Arms Race” : A Simple New Methodology and Estimates

Eric Budish, University of Chicago, USA

Matteo Aquilina, FCA and Financial Stability Board

Peter O’ Neill, Financial Conduct Authority


Drivers and Effects of Stock Market Fragmentation – Insights on SME Stocks

Jens Lausen, Benjamin Clapham, Peter Gomber and Micha Bender, Goethe University


On the Effects of Continuous Trading

Andriy Shkilko, Wilfrid Laurier University

Ivan Indriawan, Auckland University of Technology

Roberto Pascual, University of the Balearic Islands


The Cost of Clearing Fragmentation

Albert J. Menkveld, Vrije Universiteit Amsterdam

Evangelos Benos, University of Nottingham

Wenqian Huang, Bank for International Settlements

Michalis Vasios, European Securities and Markets Authority