.jpg)
Plato Partnership has announced three new Founding Members: Kepler Cheuvreux on the sell-side through its Execution activity, called KCX, and UBS Asset Management and Pictet Asset Management on the buy-side.
As three of the leading financial institutions in Europe, their participation in the Partnership marks a milestone in Plato’s mission to bring greater efficiency and innovation to all areas of the European equity marketplace.
As members of Plato, all three companies will participate in setting the Partnership’s agenda to deliver creative solutions and efficiencies to today’s complex equity marketplace to improve market structure for the benefit of all market participants.
Chris McConville, Global Head of Execution Services and Trading at Kepler Cheuvreux said: “Since our inception, Kepler Cheuvreux has been built on research and partnerships as its foundations. We already generate vast volumes of industry-leading equities research and hold global research partnerships with Piper Sandler in the US and Macquarie in Asia-Pacific. Plato Partnership’s commitment to a strong academic base while fostering open communication and dialogue between all parts of the marketplace are vital for the health of all financial services, and we are excited to start contributing to this mission.”
Chris McConville, Global Head of Execution Services and Trading at Kepler Cheuvreux said: “Since our inception, Kepler Cheuvreux has been built on research and partnerships as its foundations. We already generate vast volumes of industry-leading equities research and hold global research partnerships with Piper Sandler in the US and Macquarie in Asia-Pacific. Plato Partnership’s commitment to a strong academic base while fostering open communication and dialogue between all parts of the marketplace are vital for the health of all financial services, and we are excited to start contributing to this mission.”
Edward Atkins, Global Head of Equities Trading at Pictet Asset Management said: “Pictet Asset Management have a robust and progressive approach to providing Best Execution on behalf of our clients. Plato Partnership provides an opportunity to collaborate with our peers and contribute to making the marketplace better for all participants.”
Mike Bellaro, CEO of Plato Partnership said: “We are delighted to welcome these three leading financial institutions into the Plato fold. Their experience and expertise in the European equities marketplace will prove invaluable as we seek to broaden the scope and scale of the partnership. We face a tough time in all financial markets, and only through better communication between buy-side, sell-side and venues coupled with strong academic research can we find the best solutions to the challenges we face.”
This announcement continues Plato’s momentum in 2022, celebrating the five-year anniversary of Turquoise Plato™ trading facilities earlier this year. Since the start of the relationship in 2016, over €1.3 trillion of equities have been traded on the platform, and the platform set a record in March with the largest average daily value traded of €1.35bn.
