Mosaic extends support to repo market 19 April 2023UK Reporter: Carmella Haswell
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Capital markets data analytics firm Mosaic Smart Data has added support for repo instruments to its artificial intelligence-powered platform.
It comes as a response to a growing demand from banks for the ability to optimise balance sheets, the firm says.
Banks look to accomplish this through having a real-time and historical view of repo transaction data across all client accounts and convert this data into actionable intelligence at the click of a button.
The platform is designed to aggregate the entirety of a bank’s repo data, normalise it and apply machine learning and AI to extract insight from that data.
A shift to automated and ultra-low latency electronic trading, in addition to an increase in the number of participants and the amount of data generated from rising volumes, has created urgency for banks to view all repo transaction data from across the organisation and external sources, the firm says.
Commenting on the new addition, Matthew Hodgson, CEO and founder of Mosaic Smart Data, says: “The bond markets have been under the global spotlight in light of recent events in the banking sector, highlighting once again the importance of being able to react incredibly quickly, equipped with the right insights, when the chips are down.
“We have already helped many global banks optimise their FICC trading operations with real-time, cutting edge analytics tools, and now we have extended that support to the repo market at a time when digitisation and trading volume growth continue at pace.”
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