AxeTrading and Mosaic Smart Data collaborate on bond market analytics

Dan Barnes

AxeTrading, the fixed income trading software provider, and Mosaic Smart Data, the real-time capital markets data analytics company, are integrating the AxeTrader execution management system (EMS) for the sell-side, buy-side and agency brokers with the Mosaic Smart Data’s MSX platform.

AxeTrader generates, collects and standardises relevant data from multiple sources including over the counter (OTC) transactions, voice trade confirmations, and trades across 22 execution venues, 12 leading market data sources, and internal platforms. It also provides fixed income traders with market aggregation and trading workflows on the desktop so support efficient and transparent trading.

The collaboration with Mosaic Smart Data is intended to deliver AxeTrader users a range of new capabilities including real-time counterparty insights, transaction cost analysis (TCA), hit ratios and profitability analytics.

Mosaic Smart Data provides real-time capital markets data aggregation, normalisation and data analytics supported by machine learning.

Matthew Hodgson, CEO and founder of Mosaic Smart Data, said, “In today’s fixed income markets, access to comprehensive real-time data is not just important for success but a requirement for survival. The differentiator will be how effectively firms extract all the available insights from that data and, crucially, translate them into action. We’re always looking for more ways to bring this capability to our clients, and this collaboration with AxeTrading will greatly enhance the potential of the MSX platform for fixed income market participants.”

©The DESK 2020