Plato Partnership, the not-for-profit company bringing real innovation to today’s European equites marketplace, is excited to announce 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, the participation of these new joiners marks the end of a milestone year for Plato Partnership. In 2019, Plato forged new partnerships with two best-in-class data providers, BMLL Technologies and Babelfish Analytics, and brought AIR Summit to London, a unique annual conference connecting the European buyside with cutting-edge players in Alphatech from across the globe.
Plato will carry this momentum into 2020 as they continue their mission to bring improved market structure and greater efficiency to the European marketplace through collaboration, discussion and transparency.
Members of Plato Partnership commit their time and expertise to driving forward Plato initiatives.
Plato Partnership’s ongoing development is driven by three key working groups: the Turquoise Plato Expert Group, Market Innovator (MI3), and the Plato Strategic Initiatives Group. All members are dedicated to supporting one of these groups.
Mike Bellaro, CEO, Plato Partnership, said: “Today we welcome five of the world’s most respected firms to our Partnership, from both the buy-side and sell-side. Their participation in helping us realise our vision for improved market practices across Europe marks a huge milestone for Plato. We will now take the momentum built in 2019 through into this year, as we continue to work towards a better marketplace for all participants and end investors alike.”
“Plato Partnership is committed to giving back to the marketplace, providing both a forum and the necessary tools for all market participants to enhance their performance. The launch of Platometrics last year helped to provide a clearer view of market trends across regulatory boundaries, free of charge, while our Plato ClarityReveal, in collaboration with Babelfish, will inject much needed innovation into the European trade routing space when it goes live later this year.”
Jeremy Ellis, T. Rowe Price International Ltd, said: “T. Rowe Price International is excited to now be a part of Plato Partnership. We have always prioritised the development of improved trade execution as well as identifying new sources of liquidity from a diverse list of participants. We are confident that the forum for market collaboration enabled by Plato and its partners will bolster and boost our own processes while allowing us to contribute positively to discussions in the wider marketplace.”
Eric Boess, Allianz Global Investors, said: “We are delighted to join Plato Partnership and collaborate on its projects to build a better financial ecosystem. Allianz Global Investors shares Plato’s values and vision on the actions that need to be taken to make today’s equity market as efficient and innovative as possible.”
Gregg Dalley, Schroders, said: “Schroders is looking forward to working with Plato Partnership, alongside fellow asset managers and broker dealers. We have no doubt that, through this collaboration, we can help enhance European equities markets and improve the trading experience for the benefit of all market participants, on both buy and sell-side.”
Irina Sonich-Bright, Credit Suisse International, said: “Credit Suisse International is pleased to announce that it has joined the Plato Partnership and looks forward to engaging in the range of 2020 initiatives that will hopefully bring effective innovations to the European market.”
Thomas Bourgeois, Exane BNP Paribas, said: “In joining the Plato Partnership, Exane believes that the community of buy- and sell-side firms will allow us to better understand the challenges we face across the equities marketplace. We hope that the experience and expertise we bring to the table will allow us to contribute to Plato’s research and development so that we can play a part in improving the market for the whole industry.”
Cicero Group (on behalf of Plato Partnership)
+44 (0)20 7343 1600
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Notes to Editors
About Plato Partnership Limited
Plato Partnership Limited (“Plato Partnership”), a not-for-profit company representing the buy- and sell-side, has come together with a vision of bringing creative solutions and efficiencies to today’s equity marketplace. The group’s key aims are to reduce trading costs, simplify market structure, and to act as a champion for end investors.
Central to this vision is Plato Partnership’s Market Innovator (MI3); a research fund which will sponsor academic research and analysis that will identify ever better ways of executing trades, as well as lowering the cost and improving the quality of the broad range of processes required to support the execution lifecycle.
Plato Partnership is working with industry partners to achieve greater transparency and efficiency across the marketplace, and put its research findings into practice.
Members of Plato Partnership include:
Axa Investment Managers, Baillie Gifford, BlackRock, DWS Group, Fidelity International, Norges Bank Investment Management, Union Investment, Barclays, Bank of America Merrill Lynch, Citi, Goldman Sachs, JP Morgan, Morgan Stanley, UBS, Jefferies, Societe Generale, Liontrust, RBC, Instinet, Redburn, Legal & General Investment Management, Janus Henderson, Invesco, Exane BNP Paribas, Schroders, Credit Suisse, Allianz Global Investors, Schroder Investment Management and T. Rowe Price.
For more information, please visit www.platopartnership.com or @PlatoMarkets.
About T. Rowe Price International Ltd
Founded in 1937, Baltimore-based T. Rowe Price (www.troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The organization also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.
About Allianz Global Investors GmbH
Allianz Global Investors is a leading active asset manager with over 770 investment professionals in 25 offices worldwide and managing more than EUR 535 billion in assets for individuals, families and institutions.
Active is most important word in our vocabulary. Active is how we create and share value with clients. We believe in solving, not selling, and in adding value beyond pure economic gain. We invest for the long term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients, wherever they are based and whatever their investment needs. Further information can be found at www.allianzgi.com.
As a global investment manager, our overall purpose is to help build the long-term future prosperity of our clients. We recognise that we have an important role to play in shaping our clients’ futures as well as having a strong focus on doing the right thing for our people, our suppliers and for society more widely. By understanding the needs of our stakeholders, we can deliver long-term growth for our shareholders.
In order to deliver for our stakeholders, we prioritise growing a sustainable business that takes a long-term approach. We do this by investing behind strategic growth opportunities, which help us deliver on our commitment to provide positive outcomes for all of our clients, society, our shareholders and our people.
We are responsible for £444.4 billion (€496.6 billion/$565.5 billion)* of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Further information can be found at www.schroders.com.
About Credit Suisse International
Credit Suisse AG is one of the world’s leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland.
We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 47,440 people. The registered shares (CSGN) of Credit Suisse AG’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
About Exane BNP Paribas
Exane BNP Paribas is a leading European equities business, offering a full suite of trading products across high touch, electronic trading, ETF and program trading. Our experienced team and cutting-edge technology make us key partners for major investors on European equities. We have built a strong Electronic Trading platform in house, where volumes are rising significantly.
Our Research product is renowned for its depth and quality and is reinforced by experienced, top-ranked Sales & Specialist Sales teams as well as a dedicated corporate access service. We have invested consistently over recent cycles to build a top Equity Research franchise which was ranked Number 1 in Europe in the 2017, 2018 and 2019 Extel Surveys.