Posted by Colin Lambert.Last updated: June 25, 2024
Mosaic Smart Data has launched a new data intelligence service called “Smart Markets” using Euroclear’s fixed income data, including government and corporate bonds, and said 45 institutions have signed up as initial participants, with more to be added.
The companies claim that the launch marks the start of a “new era of data in capital markets,” translating Euroclear’s data into insights that participants can easily interpret and use to detect market movements, enhance trading models and build informed strategies.
The service, powered by Mosaic’s AI and machine learning technology, was developed by Mosaic’s data scientists in response to increasingly sophisticated demand for data-driven insights from institutions such as banks, central banks, debt management organizations (DMOs), corporate treasurers, buy-side trading firms and hedge funds, the company said.
Moreover, demand for market data from financial institutions is skyrocketing, with a recent study predicting the market will grow 12.4% to a record $42 billion in 2023. Data quality and the ability to interpret big data are becoming increasingly important, Mosaic continues, noting that SmartMarkets is meeting this demand by aggregating raw data from market sources such as Euroclear, and then enriching, normalizing and automatically analyzing it.
“For FICC market participants, the result is access to a highly intuitive multi-asset service that enables them to gain new and deeper understanding of the markets and products that matter to them,” the company said, adding that this will enable firms to enhance trading models, build informed market strategies, enhance investment and research information, and improve post-trade analysis and reporting.
“Leveraging the scale and depth of Euroclear’s post-trade ecosystem, which settled the equivalent of more than 1 quadrillion securities transactions in 2023, SmartMarkets will be able to provide trading firms with insight into fixed income trading, including government and corporate bond markets,” said Philippe Laurencie, head of product, strategy and innovation at Euroclear. “As a financial market infrastructure with a proven track record of providing high-quality settlement services to some of the world’s largest financial institutions, we are well positioned to drive innovation in the industry and improve efficiency across markets.”
Matthew Hodgson, CEO and Founder of Mosaic Smart Data, added: “Mosaic has been at the forefront of capital markets data analytics since our inception, but the launch of Smart Markets takes our service to a new level and introduces a new category of data product. By leveraging comprehensive, high-quality trade data from best-in-class providers such as Euroclear and running it through our proven model, participants gain instant insights to truly understand market trends and make more informed trading decisions. We have a healthy pipeline of additional data providers and look forward to continuing to expand our Smart Markets offering post-launch.”
