London. 3rd December, 2019.
Plato Partnership, the not-for-profit trading consortium is launching Platometrics, a new market quality metrics tool that offers market participants a complete picture of trading data and trends from European venues, entirely free of charge.
Platometrics is a broad offering including a consolidated overview of liquidity from across lit, dark/grey, bilateral and non-addressable trades as well as the European best bid offer (EBBO) across exchanges at any specific point in time. Moreover, it provides various market quality metrics on a range of instruments for individual stock analysis and by venues for performance comparison purposes. This covers albeit not limited to market impact, intraday volatility, order fill rates, average resting time of orders, percentage presence time at EBBO and trade-order ratio.
All metrics are available on a transaction date plus one day basis and covers European equities and equity like instruments, including shares, exchange traded funds, depository receipts, and certificates. On one intuitive interface, users can view consolidated data from across Europe or drill down to explore multiple metrics by market, venue or specific security.
The scope of Platometrics is extensive, helping firms improve best execution and understand liquidity sourcing and price forming dynamics to analysing market quality and informing policy and strategy discussions.
Mike Bellaro, CEO of Plato Partnership, said:” PlatoPartnership is committed to giving something back to the marketplace, and Platometrics will open a wide range of information to market participants who were previously locked out by impenetrable complexity of data and high costs.”
“Whilst trading data from different venues is available, it is disparate and spread across multiple platforms for different exchanges and regions. This makes it challenging to compare and assess disparities and variations between different parts of the marketplace. Platometrics offers the first viable solution to this market-wide challenge, and we are delighted to be able to offer this tool to all participants, free of charge.”
Johannes Sulzberger, CEO of BMLL Technologies said: “BMLL is very excited to be collaborating with the Plato Partnership, bringing clarity and insight into the complexity of European markets for the first time. Platometrics represents a step-change in the analytics deployed within Europe and we are pleased to be able to provide simple answers to the core challenges faced by market participants, namely; addressable liquidity, cross-venue price formation and execution quality.”
“BMLL provides the data, analytics & compute to be the single source of truth around the consolidated European liquidity landscape, the consolidated best price across venues and execution metrics for different venues and securities.”
For more information: www.platopartnership.com or Twitter, @PlatoMarkets.
For more information: www.bmlltech.com or Twitter, @bmlltech
©Best Execution 2019