Plato and Tradeweb team up on European cash equity risk trading
17 May 2018 London
Image: Shutterstock
Plato Partnership and Tradeweb Markets have partnered into a strategic partnership to deliver Tradeweb Plato eBlock.
According to the duo, market structure and regulatory changes in European equity markets have created demand for cost-effective solutions to be provided on regulated trading venues to benefit from greater competition, transparency and operational efficiency.
The new platform allows participants to source and aggregate broker principal risk liquidity, addressing buy-side concerns over market fragmentation, providing the buy-side with direct control over their execution and offering both the buy and sell-side the opportunity to match, negotiate and execute with ease and certainty on a regulated venue.
It has also been designed to leverage innovative 鈥榖lotter scraping鈥� technology, providing buy-side traders with the insight required to target suitable organisations based on activity, execution rates and market impact.
Lee Olesky, CEO of Tradeweb Markets, commented: 鈥淥ur collaboration with Plato Partnership is a significant milestone for Tradeweb. As pioneers of the multilateral electronic RFQ protocol, we have brought greater transparency and efficiency to fixed income, derivatives and ETF markets.鈥�
鈥淲e are excited to extend this highly successful model to cash equities and to work with Plato to develop new trading mechanisms to more efficiently execute block trades against principal liquidity on a regulated trading venue. We are confident that our innovative and efficient approach to block trade equities execution will offer market participants flexibility of choice and access to robust, cost-effective liquidity.鈥�
Mike Bellaro, Plato Partnership co-chair, commented: 鈥淲e are pleased to partner with Tradeweb to deliver this innovative solution for risk trading of cash equities. eBlock allows buy-side traders to tie the sourcing of risk liquidity into the execution process using intelligent data analytics, giving them the necessary information required to make good decisions about trade execution.鈥�
According to the duo, market structure and regulatory changes in European equity markets have created demand for cost-effective solutions to be provided on regulated trading venues to benefit from greater competition, transparency and operational efficiency.
The new platform allows participants to source and aggregate broker principal risk liquidity, addressing buy-side concerns over market fragmentation, providing the buy-side with direct control over their execution and offering both the buy and sell-side the opportunity to match, negotiate and execute with ease and certainty on a regulated venue.
It has also been designed to leverage innovative 鈥榖lotter scraping鈥� technology, providing buy-side traders with the insight required to target suitable organisations based on activity, execution rates and market impact.
Lee Olesky, CEO of Tradeweb Markets, commented: 鈥淥ur collaboration with Plato Partnership is a significant milestone for Tradeweb. As pioneers of the multilateral electronic RFQ protocol, we have brought greater transparency and efficiency to fixed income, derivatives and ETF markets.鈥�
鈥淲e are excited to extend this highly successful model to cash equities and to work with Plato to develop new trading mechanisms to more efficiently execute block trades against principal liquidity on a regulated trading venue. We are confident that our innovative and efficient approach to block trade equities execution will offer market participants flexibility of choice and access to robust, cost-effective liquidity.鈥�
Mike Bellaro, Plato Partnership co-chair, commented: 鈥淲e are pleased to partner with Tradeweb to deliver this innovative solution for risk trading of cash equities. eBlock allows buy-side traders to tie the sourcing of risk liquidity into the execution process using intelligent data analytics, giving them the necessary information required to make good decisions about trade execution.鈥�
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
