Academic Research (MI3)

Copyright: Plato Partnership 2021.

NEW: Using Machine Learning in Electronic Trading – Exec. Summary. This report is sponsored by the Plato Partnership.

NEW: Using Machine Learning in Electronic Trading- Full report. This report is sponsored by the Plato Partnership.

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.


Download the latest Plato Partnership latest academic research report here:

  1. Executive Summary
  2. Full report
  3. Appendices


“With support from the Plato Partnership last year, we have undertaken a comprehensive study on how machine learning techniques are being used to enhance and create new information processing flows in electronic trading. By providing access to its wide network of industry practitioners, the Plato Partnership’s involvement was crucial in getting useful insights about the gaps between theory and practice in this area and identifying important future trends. This study will enable new types of academic-industry partnerships leading to more innovation in this area.” University Professors Fethi Rabhi and Nikolay Mehandjiev.

“The Plato Market Innovator Conference has established itself as a leading platform for the European financial market structure discussion. It’s a great place for academics and practitioners to interact.” Bjorn Hagstromer professor of finance Stockholm Business School.

“The Plato events are a rare opportunity to listen to and engage with a diverse community of people and ideas, in a friendly forum. Daniel Hulme CEO Satalia

“At the crossroads of academia and market practice: an ideal platform where independent research engages with the industry to design a more efficient and fairer market” Associate Professor Barbara Rindi at Bocconi University

“Given the significant changes in our economies and markets, it is absolutely vital to ground decisions by policy-makers, regulators and by the financial industry itself in independent academic research. It is great that the industry, both buy-side and sell-side, has joined forces in the Plato Partnership to enable independent research on European market structure. We are very grateful that Plato supported our research, both with financial resources and with access to very valuable data via their co-operation with BMLL” Professor Peter Gomber, Professor of e-finance, Co-chair E-Finance Lab, University of Frankfurt.

“It was a pleasure to participate in the 2020 Plato Conversations event. Financial services is an obvious place for artificial intelligence to be deployed, as it generates and depends on oceans of data, and many of the participants have the scale and the resources to be able to afford it. But we are still in the early days of the process of applying AI to the process of allocating capital, and the more we can accelerate the process, the more efficient the markets will become, which is ultimately to everyone’s benefit. The Plato Conversations are an important part of that process. Calum Chace The AI guy