JP Morgan has deployed a new real-time data analytics platform as it looks to optimise the productivity and profitability of its global fixed income sales and trading division.

JP Morgan has selected Mosaic Smart Data’s MSX solution which enables banks to utilise the increasing volume of trade data they hold and apply cutting-edge technologies such as predictive analytics and artificial intelligence.

This allows sales, trading, management and compliance teams to better understand, monitor and anticipate their clients’ needs.

Mosaic Smart Data is the first graduate of ‘In-Residence’, a JP Morgan programme created last year for technology startups looking to commercialise ideas that solve real-world challenges in financial services. JP Morgan has signed a multi-year contract with Mosaic Smart Data spanning its entire fixed income trading business.

Troy Rohrbaugh, global head of macro at JP Morgan, said: “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.”

Matthew Hodgson, CEO and founder of Mosaic Smart Data, added: “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.

“We are delighted to welcome J.P. Morgan, the biggest FICC trading bank in the world, onto the platform.”

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