Plato Partnership in collaboration with BMLL Technologies have launched Platometrics, a new market quality metrics tool. Platometrics is the first service of its kind, providing market participants with a complete picture of European Equities trading data and trends from European venues, entirely free of charge.
Platometrics provides users with: a consolidated overview of liquidity from across Lit, Dark/Grey, Bilateral and Non-Addressable trades; the European best bid offer (EBBO) across exchanges at any specific point in time; and a range of market quality metrics on a large range of instruments for individual stock analysis and by venues for performance comparison purposes including (but not limited to) market impact, intraday volatility, order fill rates, average resting time of orders, percentage presence time at EBBO and trade-order ratio.
All metrics are available on a transaction date plus one day basis (i.e. up to the end of the prior trading day) with up to six months of historical data. The metrics cover European equities and equity like instruments, including Shares, ETFs, DRs, and Certificates. On one intuitive interface, users can view consolidated data from across Europe or drill down to explore multiple metrics by market, venue or specific security.
Access to Platometrics is free to all market participants, from portfolio managers, traders, compliance analysts and risk managers, to quant researchers, regulators and academics. The scope of Platometrics covers from helping firms improve best execution and understand liquidity sourcing and price forming dynamics, to analyzing market quality and informing policy and strategy discussions.