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Mosaic Smart Data launches instant reports for FICC analytics

Mosaic Smart Data (Mosaic), the real-time FICC data analytics company, has launched a new feature for its MSX platform enabling users to instantly generate text reports on their trading activity data using machine learning. The feature will be available to all MSX users and will allow a trading activity report, which would take a member of staff hours to create, to be generated instantly.

Using a machine learning technique called natural language generation (NLG), MSX can generate trading activity reports on any set of analytics on the platform including both voice and electronic trade data. These reports highlight trends and identify anomalies in the transaction data which provide points of interest for traders and sales teams. Using advanced machine learning techniques, the reports can also provide explanations for these anomalies, moving the analytics beyond simple description to providing causative analysis.

The feature offers significant productivity gains for banks’ staff by rapidly generating accurate reports which would otherwise take several hours to compile. The reports can be shared internally to monitor FICC performance or created to provide clients with additional insights on the market and their activities.

The data analysed by the NLG reports is fully customisable by the staff member and can be selected in real-time. This is subject to limits by permissioned controls set by compliance and management, ensuring that data and analytics is only viewable to staff authorized to see it.

Matthew Hodgson, CEO and founder of Mosaic Smart Data, said: “Having advanced analytics at your fingertips is one thing, but for it to really be powerful it needs to be comprehensible to anyone in the bank who needs to use it. This new feature allows users to instantly create the narrative around the data analytics, highlighting the key outliers or trends in the data which they need to pay attention to, enabling rapid understanding of the information.

“Imagine if the bank’s highest performing, most experienced quant could write all the reports it generates. And now imagine those reports could be produced in seconds across the entire global bank 24 hours a day. The gains in efficiency, performance and business insight would have an almost immediate impact on the bottom line.”

J.P. Morgan deploys Mosaic Smart Data for fixed income data analytics

As a recent piece in the FT pointed out, traders are searching for ever more inventive data streams to try to make better predictions about their market or get an edge over the competition. Whether that be advanced social media analytics, algorithms to read the news or even using drones and satellite images to look at factories, banks, and hedge funds are investing significant amounts in collecting and analysing data.

But, banks know that there is a vast wealth of data created and stored within the institution created simply through the normal course of the trading day. This is free, and it is completely proprietary.

The problem is, data within the bank is distributed across desks, systems and messaging languages. Bringing that all into one, aggregated and standardised form so that the algorithms can work their magic and deliver valuable insights is a herculean task.

But that is exactly what Mosaic Smart Data has announced it is doing J.P. Morgan.

By using sophisticated historical, real-time and predictive analytics algorithms, the Mosaic’s platform will provide, in the first instance, J.P. Morgan’s rates, sales and trading business with advanced tools to accurately provide tailored client service. This innovative technology enables users to better visualise and anticipate market and client activity and thereby offer better service. It can also reduce the cost and complexity of compliance.

“Having a more holistic view of trading data will improve our service delivery for clients.” Said Troy Rohrbaugh, Global Head of Macro at J.P. Morgan. “The Mosaic platform integrates securely with our existing technology infrastructure, and enables our teams to quickly make better-informed decisions.”

Once these fundamentals of a data analytics platform are in place. Mosaic can roll out advanced machine learning and predictive analytics which will help sales teams to predict their clients’ behaviour, allowing them to better facilitate client needs and improve their performance.

“Data analytics and artificial intelligence are changing the face of investment banking.” Says Matthew Hodgson, CEO, and founder of Mosaic Smart Data. “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.”

Mosaic Smart Data named Best Use of Data and Analytics Innovation at the 2017 FStech Awards

Data analytics technology specialist Mosaic Smart Data has won the Best Use of Data and Analytics award at the annual FStech Awards, held in London on Thursday 23rd March.

Regulatory changes and advances in technology are revolutionising fixed income, currencies and commodities (FICC) markets and driving the need for intelligent data analytics and reporting.

MSX delivers a next generation data analytics platform for FICC market participants. By delivering the insights and real-time intelligence they need to harness exponentially increasing data as well as meeting regulatory requirements, it enables trading and sales teams to significantly enhance their workflow productivity.

The platform standardises and aggregates multiple data sets to enhance audit trails and reporting, enabling banks to comply with mounting regulatory requirements.

Mosaic has fully integrated predictive analytics into MSX, enabling financial institutions to more accurately determine future market activity based on sophisticated algorithms and historical data.

After collecting the award, Matthew Hodgson, CEO and Founder of Mosaic Smart Data, said: “In today’s digital world, banks need to have a deep understanding of the business they are handling in real time. The data is there, but it needs to be standardised and have intelligent analytics applied to it. It is an incredibly intensive undertaking which requires both innovative technology and thorough insight into the bank’s business needs.”

Read more about this story at Mosaic Smart Data’s website here.