High cost of European exchange data sparks investor revolt

As European equity trading venues have proliferated, so the cost of market data has risen; but investors are fighting back with a cost-sharing venture.

In December, the Plato Partnership – a not-for-profit-organization whose members include large asset managers such as Axa Investment Managers, Blackrock, DWS, Fidelity, Norges Bank, Union Investment and many others, as well as leading investment banks – announced a new venture with BMLL Technologies, a data engineering and data analytics company.

Platometrics will provide a complete picture of European equity trading data for the many venues to which European equity investors and their brokers route orders – including analysis of liquidity available on various venues, the best European bid offer price down to the millisecond throughout the trading day, and other quality-of-market metrics such as order-fill rates, percentage of time with best price, intra-day price volatility and market impact of executing.

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Mike Bellaro,
Plato Partnership

It will offer all this on the day after trade date.

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