Mosaic And Euroclear Launches New Data Intelligence Service
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Mosaic Smart Data has started a new service called Smart Markets that uses Euroclear’s fixed-income data. This data includes bonds issued by governments and companies.
Euroclear and Mosaic said 45 institutions have joined the service. Some of these institutions include SMBC Nikko Capital Markets Limited and ING Bank, Lloyds Bank Corporate Markets Plc, Deutsche Bank AG London, Bank of England, and ABN AMRO. Mosaic said more organizations will join the service.
Smart Markets Operates With Euroclear’s Fixed Income Data
Euroclear and Mosaic believe that the new launch signifies a new age for data in capital markets. It changes Euroclear’s data into valuable insights that users can seamlessly interpret and use to spot market changes, build informed strategies, and enhance trading models.
The new service uses Mosaic’s machine learning technology and artificial intelligence, which data scientists in the company have developed. It meets the increasing need from institutions for enhanced data-driven insights. These institutions include banks, hedge funds, central banks, buy-side trading firms, corporate treasurers, and debt management offices (DMOs).
According to the update, financial institutions’ demand for market data is growing. Data quality and the skill to understand big data are more vital than ever. Mosaic noted that Smart Markets meets this need by gathering raw data from sources like Euroclear. After receiving the data, the service improves, standardizes, and analyses them automatically.
The Service Offers Users A Deeper Understanding Of Vital Markets And Products
Mosaic said FICC market participants can now use the user-friendly service that covers multiple assets. Smart Markets helps users gain a deeper understanding of main markets and products. It also allows companies to improve their trading strategies, create better market plans, boost their investment and research knowledge, and enhance their post-trade analysis and reporting.
Euroclear’s head of product, strategy, and innovation, Philippe Laurensy, highlighted the importance of the company’s post-trade ecosystem to Smart Markets. He said Smart Markets can provide trading companies with a true view of fixed-income operations, including corporate and government bond markets.
Laurensy noted that Euroclear aims to drive innovation and improve efficiency in the financial industry. He added that the company has a high record of offering top financial institutions high-quality settlement services.
The Founder and Chief Executive Officer of Mosaic Smart Data, Matthew Hodgson, spoke about the latest development. He said the software company has been providing data analytics for capital markets since its launch. With the introduction of Smart Markets, Hodgson believes Mosaic will significantly boost its services and unveil a new set of data products.
