Plato to provide market data to academics
September 14, 2017

Plato Partnership Limited, a not-for-profit company bringing creative solutions and efficiencies to today's equity marketplace, has today announced its intention to enter into a partnership with BMLL Technologies. It says this provide access for researchers to the BMLL platform as part of its intended co-operation with Imperial College London to establish and lead a European Market Structure Research Network.

The BMLL platform will enable selected academics to access standardized historical granular limit order book data of global trading exchanges and venues.  The access to unique data for academics to undertake empirical research on unique problems enables the Network to attract highly respected academics whilst at the same time providing said academics with a data resource that could greatly enhance their research capabilities.

It is expected the research analysis around this data will provide the foundation for a number of leading conferences and high-level industry roundtables to identify and promote appropriate market structures for the benefit of all market participants.

The initiative marks a realization of Plato Partnership's core objective of building a meaningful vehicle with which to combine the expertise of academia and the practical knowledge bank of market participants on both the buy and sell side.

Nej Djelal, Plato Partnership Co-Chair, commented: "The access to the BMLL platform for exchange and venue historical order book data will be a huge benefit to the academics Plato is working in partnership with, and will provide important insights into how to tackle many of the key data challenges firms are anticipating with the introduction of MiFID II (markets in financial instruments directive II).

"As an industry, we have lived through a multitude of structural changes over the last ten years. Through our partnerships with organizations such as BMLL we can provide a better vision for enhancing markets to work in the best interests of all market participants."

John Macpherson, Chief Executive Officer, BMLL Technologies, added:"What Plato is seeking to achieve with the European Market Structure Research Network is going to revolutionize the parameters of the market structure debate and we are delighted to provide the data access platform for academic research. The BMLL platform offers hardware, software and analytics on a single web based platform and is consequently seen as a natural partner to the Plato group's priorities. Other non-academic institutions ranging from Global Investment banks, Quantitative and systematic Hedge Funds and Global Regulators have been benefiting from BMLL's platform since our beta launch in May this year.

"At the exchange level, there's petabytes of data being generated, but there's no common format and indeed these formats regularly change over time. With new legislation such as MiFID II and regAT, the ability to consolidate this data into a uniform, useable format is more important than ever, for all participants in the market."

Mike Bellaro, Plato Partnership Co-Chair, said: "Our ambitions for Plato Partnership and the European Market Structure Research Network are truly international, and access to unique data for academics is a crucial cornerstone for our plan to improve market functionality worldwide.

"Enhancing the future of our industry is the key driving factor in our development of this network, and our ability to offer academics access to the data will be a great step forward in furthering change and improvement in the sector."





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

Plato Partnership Limited, a not-for-profit company bringing creative solutions and efficiencies to today's equity marketplace, has today announced its intention to enter into a partnership with BMLL Technologies. It says this provide access for researchers to the BMLL platform as part of its intended co-operation with Imperial College London to establish and lead a European Market Structure Research Network.

The BMLL platform will enable selected academics to access standardized historical granular limit order book data of global trading exchanges and venues.  The access to unique data for academics to undertake empirical research on unique problems enables the Network to attract highly respected academics whilst at the same time providing said academics with a data resource that could greatly enhance their research capabilities.

It is expected the research analysis around this data will provide the foundation for a number of leading conferences and high-level industry roundtables to identify and promote appropriate market structures for the benefit of all market participants.

The initiative marks a realization of Plato Partnership's core objective of building a meaningful vehicle with which to combine the expertise of academia and the practical knowledge bank of market participants on both the buy and sell side.

Nej Djelal, Plato Partnership Co-Chair, commented: "The access to the BMLL platform for exchange and venue historical order book data will be a huge benefit to the academics Plato is working in partnership with, and will provide important insights into how to tackle many of the key data challenges firms are anticipating with the introduction of MiFID II (markets in financial instruments directive II).

"As an industry, we have lived through a multitude of structural changes over the last ten years. Through our partnerships with organizations such as BMLL we can provide a better vision for enhancing markets to work in the best interests of all market participants."

John Macpherson, Chief Executive Officer, BMLL Technologies, added:"What Plato is seeking to achieve with the European Market Structure Research Network is going to revolutionize the parameters of the market structure debate and we are delighted to provide the data access platform for academic research. The BMLL platform offers hardware, software and analytics on a single web based platform and is consequently seen as a natural partner to the Plato group's priorities. Other non-academic institutions ranging from Global Investment banks, Quantitative and systematic Hedge Funds and Global Regulators have been benefiting from BMLL's platform since our beta launch in May this year.

"At the exchange level, there's petabytes of data being generated, but there's no common format and indeed these formats regularly change over time. With new legislation such as MiFID II and regAT, the ability to consolidate this data into a uniform, useable format is more important than ever, for all participants in the market."

Mike Bellaro, Plato Partnership Co-Chair, said: "Our ambitions for Plato Partnership and the European Market Structure Research Network are truly international, and access to unique data for academics is a crucial cornerstone for our plan to improve market functionality worldwide.

"Enhancing the future of our industry is the key driving factor in our development of this network, and our ability to offer academics access to the data will be a great step forward in furthering change and improvement in the sector."



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site

More on:  Technology update