FMSB, Plato, Partner for Academic Research

Plato Partnership and the FICC Markets Standards Board (FMSB) have announced an agreement to co-operate on fixed income, currencies and commodities academic research via Plato’s market structure academic research programme, MI3.

Launched in September 2019, the MI3 division is integral to Plato Partnership’s vision, the firm says, adding one of its strategic goals is to produce independent research and analytics, open to peer review in order to collaborate to build a better financial ecosystem. Plato says it believes that this critical research will stimulate debate around the future of market structure design and allow regulators and market practitioners to make better informed decisions.

To date, the MI3 division has successfully commissioned several important academic reports focused on key strategic equities market structure topics, which has led to many conversations with policy makers. This strategic agreement with FMSB will allow the MI3 division to become multi-asset class, which in turn will benefit the global capital markets, the firms say.

“Since we launched MI3 in 2019, we have worked with leading, highly regarded academics worldwide and produced strong, credible reports with the aim of creating a better marketplace and bringing together market practitioners and academics,” says Mike Bellaro, CEO, Plato Partnership. “This partnership will help to drive our vision of being a multi-asset class academic research division.”

Carole Comerton-Forde, academic advisor, adds, “As the Plato academic advisor, it is great to see the MI3 expand into other asset classes with FMSB and strengthen this division. I look forward to working together in 2022.”

Meanwhile, Myles McGuinness, CEO, FMSB, says, “I am very pleased that we have agreed a framework for future cooperation with Plato. FMSB will greatly benefit from leveraging an established independent research network that will deliver unbiased material on topics of importance to our membership and stakeholders, and which may underpin future FMSB work. Our two organisations share many common goals, and we hope our collaboration and sharing of best practice will ultimately benefit the wider market.”