Plato Partnership has initiated positive discussions with a number of key stakeholders in the academic world, including J. Doyne Farmer, Director of the Complexity Economics program at the Institute for New Economic Thinking at the Oxford Martin School, University of Oxford, and Andrei Kirilenko, Director of the Centre for Global Finance and Technology at the Imperial College Business School, who have both confirmed their enthusiasm for Plato's Market Innovator.
The Market Innovator (MI3), is an academic research fund, which will support and facilitate the production of independent research and analytics, open to peer review, and aimed at seeking out ways in which participants can collectively build a better financial ecosystem for all.
Farmer and Kirilenko will sit on an Academic Advisory Board which will play in integral role working with MI3, broadening its academic outreach, as well as ensuring objectivity. Plato Partnership is also in discussions with further academics who will join the Academic Advisory Board in due course.
Professor Doyne Farmer, Co-Director, Complexity Economics, The Institute for New Economic Thinking at the Oxford Martin School, and Professor of Mathematics, said: "It is remarkable to have a consortium such as this, consisting of a large number of major participants from both the buy and sell-side. The ability of the MI3 to commission innovative research can shed light on new approaches and shorten the otherwise costly process of trial and error."
Andrei Kirilenko, Director of the Centre for Global Finance and Technology at Imperial College Business School, said: "The MI3 initiative offers a great opportunity to build an accessible yet secure environment in which the largest global buy-side and sell-side firms behind Plato Partnership can share their knowledge and data with independent top quality academics working on market structure issues."
Mike Bellaro, Plato Co-Chair and Global Head of Equity Trading, Deutsche Asset Management, commented: "MI3 will facilitate independent research and analytics and collaboration amongst Plato members, with the goal of promoting efficient markets and appropriate market structures for the benefit of all market participants, and having the support of such distinguished academics is a very important part of this."