Allianz Global Investors, Schroders PLC and T. Rowe Price Group Inc. on Feb. 10 signed on to Plato Partnership Ltd., a group of firms that work together to improve equity market efficiency for market participants in Europe.
The not-for-profit consortium of firms collaborates to reduce trading costs and simplify market structure. The group also works together to measure and provide information on market liquidity.
"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 side and sell side," said Gregg Dalley, global head of trading at Schroders, in a news release.
Jeremy Ellis, head of European equity trading at T. Rowe Price, said in the release that the forum enabled by Plato to help improve his firm's trading processes. "We have always prioritized the development of improved trade execution as well as identifying new sources of liquidity from a diverse list of participants," Mr. Ellis added in the release.
Other money management firms that are members of Plato include AXA Investment Managers Ltd., Baillie Gifford & Co., BlackRock Inc., DWS Group, Fidelity International, Invesco Ltd., Janus Henderson Group, Legal & General Investment Management Ltd., Liontrust Investment Partners LLP, Norges Bank Investment Management and Union Investment Group Ltd.