2025 Plato Market Innovator (MI3) Conference
Working with academia to improve the markets of tomorrow
On Tuesday 1st of July 2025, Plato Partnership will host its nineth Market Innovator (MI3) Academic Conference at One Moorgate Place in London.
MI3 is where the leading academics and practitioners meet to discuss the most pertinent topics in capital markets.
The event will feature presentations of academic research papers with a discussant to delve into the topic, two preview presentations into some Plato commissioned research, a presentation of new research from Rebecca Healey, and a panel discussion, entitled “Breaking the Innovation Gridlock: What Connectivity in the Age of AI will mean for Market Access & Infrastructure in the Next 5 Years”
Bart Zhou Yueshen from the Singapore Management University being awarded the Best Paper Award at MI3 2024
2025 MI3 Agenda
Morning
08:00 – Event registrations open & breakfast served
09:00 – Welcome from Jack Benda, Head of Marketing & Communications at Plato Partnership, and Carole Comerton-Forde, Professor of Finance at The University of Melbourne
09:10– Collateral Demand in Wholesale Funding Markets - presented by Patrick Coen, Tolouse School of Economics, discussed by Benedikt Ballensiefen, University of Cologne
10:00 – Passive Investing and Market Quality - presented by Philipp Hofler, Goethe University Frankfurt, discussed by Rabih Moussawi, Villanova University
10:50– Morning tea
11:20 – Retail Limit Orders - presented by Amber Anand, Syracuse University, discussed by Andriy Shkilko, University of Georgia/Wilfred Laurier University
12:10– Plato commissioned research: Two presentations, 15 minutes per presentation, 5 mins Q&A
RFQ Dominance and Lit Trading in European ETFs: Peaceful Coexistence? - Thomas Marta, Wilfred Laurier University
Trading Costs in Continuous vs. Closing Auctions: Evidence from Global Exchanges - Amit Goyal, University of Lausanne and Swiss Finance Institute
12:50 – Research spotlight: Connectivity in the Age of AI - presented by Rebecca Healey, Redlap Consulting
13:10 - Lunch
Afternoon
14:10 – Industry panel: Breaking the Innovation Gridlock: What Connectivity in the Age of AI will mean for Market Access & Infrastructure in the Next 5 Years
Matthew Cousens, Clear Street
Constantinos Antoniades, Trumid
Niki Beattie, Market Structure Partners
Mike Powell, Rapid Addition
Moderated by Rebecca Healey, Redlap Consulting
15:10 – Afternoon tea
15:40 – Exchange Competition, Fragmentation, and Market Quality - presented by Björn Hagströmer, Stockholm Business School, discussed by Laurence Daures, ESSEC Business School
16:30 - Award presentation and closing remarks from Carole Comerton-Forde, Professor of Finance at The University of Melbourne, and Jack Benda, Head of Marketing & Communications at Plato Partnership
16:40 – Drinks reception
Market Innovation
Watch Plato Partnership CEO Mike Bellaro and Carol Comerton-Forde, Finance Professor at the University of Melbourne, discuss Plato Partnership, the MI3 Initiative, its role in the market and how it brings innovative answers to market structure problems by combining the expertise of academics and practitioners.
