J.P. Morgan-backed Mosaic launches IRS real-time analytics

FICC data analytics firm Mosaic Smart Data has added real-time analytics for interest rate swaps to its MSX platform. Live at J.P. Morgan since last year, MSX now provides real-time analytics for swaps denominated in US dollar, sterling, euro, and Scandinavian currencies, which make up the majority of the IRS market. Aside from being a client for the platform, J.P. Morgan took a minority stake in Mosaic Smart Data for an undisclosed sum in late Q1.

Mosaic Smart Data helps banks apply predictive analytics and artificial intelligence technologies to their trade data. Its new swaps analytics service means banks can combine their electronic and voice traded swaps transaction data into a single view. Additional features include advanced risk analysis, which allows banks to manage their risk concentration in real-time, and transaction cost analysis enabling traders to manage execution quality.

“With multiple legs and complex structures, swaps are some of the most complex instruments to analyze. However, with $2.1 trillion notional traded every day, it is vital that traders have the best tools to make informed data-backed decisions in this market,” said Matthew Hodgson, CEO and founder of Mosaic Smart Data. “Our platform now gives banks a real-time and aggregated view of swaps activity across their entire business, which has never before been possible. This will boost performance and allow them to carefully manage risk concentration in real-time, crucial in an increasingly uncertain market environment.”

Read the full release

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