Mike Bellaro, co-chair at Plato Partnership, explained MiFID II has driven the need for counterparty management automation and standardisation. Not-for-profit industry group Plato , which counts Plato and BlackRock among its members, has signed an agreement that will allow its customers to access Plato BlackRock platform. The tool helps firms focus on counterparty risk and to improve best execution practices ahead of MiFID II. The platform will be renamed PLIAPlato , and the agreement also includes Trade Informatics' support of Plato ’s M3 research incubator. PLIA provides an efficient solution to non-trivial data workflow challenges, according to Nej D’jelal , co-chair at Plato Partnership . The common platform also "simplifies the execution process and contributes to cost reduction," he said.
Not-for-profit industry group Plato , which counts Plato and BlackRock among its members, has signed an agreement that will allow its customers to access Plato BlackRock platform. The tool helps firms focus on counterparty risk and to improve best execution practices ahead of MiFID II. The platform will be renamed PLIAPlato , and the agreement also includes Trade Informatics' support of Plato ’s M3 research incubator. PLIA provides an efficient solution to non-trivial data workflow challenges, according to Nej D’jelal , co-chair at Plato Partnership . The common platform also "simplifies the execution process and contributes to cost reduction," he said.