Four More Asset Managers Join Plato Partnership

City of London — London-based Plato Partnership includes both buy and sell side firms aiming to lower trading costs.

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

AXA Investment Managers, Union Investment, JPMorgan Asset Management and Fidelity Worldwide Investment are the latest additions to the Plato Partnership, the consortium of asset managers and broker dealers behind a new not-for-profit trading platform proposal launched in December.

The four firms join other organizations from both the buy and sell side, including UBS, Barclays, Goldman Sachs, Citi and Deutsche Bank. The trading platform is aimed at lowering trading costs, improving data quality and improving trade execution.

Revenues that are generated through the trading utility will be used to commission research through the partnership's Market Structure Innovation Center.

"Plato Partnership has a compelling proposition and I am looking forward to helping them refine the market model," says Kristian West, global head of equity trading at JPMorgan Asset Management. "The intention is to offer lower frictional costs for our funds, which would support our core objective of best execution and improved returns for our clients."

"Our vision is growing rapidly and we are designed to allow uncompromised focus on improving market quality and removing frictional costs," says Stephen McGoldrick, project director for Plato Partnership. "We look forward to widening our membership and setting a new benchmark in execution quality, trust and transparency."

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You are currently on corporate access.