Plato Partnership is teaming up with a U.K. university to establish a research network focused on European market structure.
Plato Partnership — a London-based not-for-profit that represents both the buy side and the sell side with the aim of reducing trading costs, simplifying market structure and acting as a champion for end-investors — is entering this month into an agreement with Imperial College Business School for the initiative.
The aim is to build a network to facilitate independent academic research about the market structure. It will be led by Andrei Kirilenko, director of the Centre for Global Finance and Technology at the business school in London.
"The European Market Structure research network has the clear potential to be a key focus for the largest global buy-side and sell-side firms behind the Plato Partnership," Mr. Kirilenko said in a news release announcing the initiative. "This joint project will allow the Plato Partnership and Imperial to work together to share their knowledge and data with top-quality academics conducting independent research on market structure and technology issues. This is a game-changer for ... academia, the industry and the regulators."
Plato Partnership members include BlackRock Inc., Deutsche Asset Management and Norges Bank Investment Management, which runs the assets of the 7.7 trillion ($1 trillion) Government Pension Fund Global, Oslo.