---
title: Plato Launches Best Execution Repository
description: PLIA by PLATO allows systematic communication and documentation of trading practices.
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---

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[TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20)

 04.16.2020

 By Shanny Basar

 Technology

# Plato Launches Best Execution Repository

 04.16.2020 By Shanny Basar

![Plato Launches Best Execution Repository](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/bestexecution-May-12-2022-09-01-18-16-AM.png)

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- PLIA by Plato will provide market participants with a centralised repository for all best execution-related due diligence questionnaires and data requests;
- A fully transparent and auditable record of communication between counterparties; and
- A customisable response grading and reporting process.  
   Plato Partnership, the not-for-profit company working to improve the European equities marketplace, and Urvin.Compliance, a compliance and analytics provider, today announced the launch of PLIA by PLATO.

https://twitter.com/dlauer/status/1250407563641917444

PLIA by PLATO is the most advanced platform available, set to become industry standard for compliance and best execution-related due diligence, in Europe. With features guided by Plato Partnership members from both the Buy Side and Sell Side, the platform allows traders and compliance professionals to systematically communicate and document trading practices.

The scope of PLIA by PLATO is extensive, from helping firms improve their best execution process to providing the ability to measure and compare their counterparties across an array of metrics. Its launch marks another milestone in Plato’s mission to bring much-needed innovation to the European marketplace and all its participants.

Mike Bellaro, CEO of Plato Partnership, said: “Since its inception, Plato has been committed to improving the structure of the European marketplace and to providing a forum for better communication between the buy and sell-side. PLIA by PLATO brings us another step closer to realising these ambitions, bringing greater efficiency into the best execution process across a range of assets.”

“This partnership marks an unprecedented step forward in enabling better communication between the Buy and Sell-side. PLIA by PLATO’s features have been guided through collaboration with our market-wide membership, and the platform will continue to adapt with the changing demands of the marketplace.”

Adam Conn, Head of Trading at Baillie Gifford said: “Having this central and secure platform will solve some of the challenges faced by trading and compliance teams, helping them to manage risk and due diligence when executing trades.”

Bill Stephenson, CEO of Urvin.Compliance said: “The mission of Urvin.Compliance is to promote transparency and accountability within the best execution process, and the PLIA by PLATO platform will set a new standard for the exchange of important information between counterparties.  We are excited to become a preferred provider of the Plato Partnership and look forward to collaboratively creating efficiencies, innovative solutions, and game-changing functionality for its membership and all other users of the platform.”

Access to PLIA by PLATO is available to all institutional investors and their broker-dealer partners. Typical users include traders and compliance personnel who are engaged in the best execution review process.

Source: Plato

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