Plato Partnership has expanded its founder members with the addition of Jefferies, Cedar Rock Capital and SKAGEN.
The firms join several major asset managers like Axa Investment Managers, Baillie Gifford, BlackRock, Deutsche Asset Management, Fidelity International and Franklin Templeton Investments.
Other founder members include investment banks like JP Morgan, Barclays, Bank of America Merrill Lynch, Citi, Deutsche Bank, Goldman Sachs, Morgan Stanley, and UBS.
As a member, Jefferies, Cedar Rock Capital and SKAGEN will be given a seat on the board at Plato and contribute to working groups aimed at improving equities trading in Europe.
Mike Bellaro, Plato Partnership co-chair and global head of equity trading at Deutsche Asset Management, explained the companies joining the partnership will play a vital role developing efficiencies in the market.
“We hope to continue expanding our membership and increasing the quality of execution, trust and transparency in the industry,” he said.
Ben Springett, head of European electronic and program trading at Jefferies, added: “Working with both buy-side and sell-side firms, along with fostering academic research, Plato Partnership is in a great position to change the way the market operates for the better.”