JPMorgan partners with Mosaic Smart Data to bolster fixed income sales and trading business

Maria Nikolova

JPMorgan deploys Mosaic Smart Data’s real-time data analytics platform MSX in order to boost the productivity and profitability of its global fixed income sales and trading division.

JPMorgan Chase & Co. (NYSE:JPM) has teamed up with UK fintech expert Mosaic Smart Data in order to optimise the productivity and profitability of its global fixed income sales and trading division. Mosaic Smart Data is the first graduate of ‘In-Residence’ program of JPMorgan created last year for technology start-ups looking to commercialise ideas that solve problems in the financial services sector.

The bank has signed a multi-year contract with Mosaic Smart Data spanning its entire fixed income trading business.

By using sophisticated historical, real-time and predictive analytics algorithms, the MSX platform will provide advanced tools to JPMorgan’s rates, sales and trading business so that it can accurately secure tailored client service. This innovative technology allows users to better visualise and anticipate market and client activity and thereby offer better service. It can also cut the cost and complexity of compliance.

Matthew Hodgson, CEO and founder of Mosaic Smart Data, said:

Data analytics and artificial intelligence are changing the face of investment banking. Banks understand that the insights locked away in their transaction and market data are potentially some of their biggest competitive advantages. They already have the raw materials, but MSX® gives them the tools to aggregate and standardise that data and put it to work intelligently. We are delighted to welcome J.P. Morgan, the biggest FICC trading bank in the world, onto the platform.”

Troy Rohrbaugh, Global Head of Macro at J.P. Morgan, explained:

Having a more holistic view of trading data will improve our service delivery for clients. The Mosaic platform integrates securely with our existing technology infrastructure, and enables our teams to quickly make better informed decisions.”

Earlier reports by FinanceFeeds have noted JPMorgan’s push into novel technologies, including AI. And, in June this year, comments made by Marko Kolanovic, global head of quantitative and derivatives research at JPMorgan, underlined the effects of the recent developments in artificial intelligence and robotics on the stock market.

He explained that whereas fundamental narratives explaining the price action abound, most of equity investors today do not buy or sell stocks based on stock specific fundamentals. In fact, he estimated that “fundamental discretionary traders” account for humble 10% of trading volume in stocks. Passive and quantitative investing generates about 60%, more than double the portion a decade ago, according to Mr Kolanovic.

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