Mosaic to bring real-time performance analytics to FX

Platform will be in production with a major client in third quarter

Matthew Hodgson: “We are going through a very rapid hiring process”

Mosaic Smart Data, a provider of real-time performance analytics, is looking to deliver a platform for the foreign exchange market in the third quarter of this year, FX Week has learned.

Around that time, the platform is expected to be in production at one of the financial technology firm’s major clients, exposing Mosaic to other intermediaries as it embarks on global expansion and product development.

The news comes as Mosaic secured a $9 million investment from CommerzVentures, Octopus Ventures and JP Morgan, the latter an existing investor and client. JP Morgan uses Mosaic’s MSX analytics platform in its global fixed-income sales and trading division to understand, monitor and anticipate clients’ needs.

“Today’s financial markets are awash in data at a scale never seen before, but what really drives performance is being able to extract truly actionable insights from that data in real time,” says Warren Rabin, co-head of global macro sales and marketing at JP Morgan.

“Tools like this that quickly make sense of vast data sets are changing the way our teams respond and operate, and are going to become a differentiating factor for banks as they look to add value in their client discussions,” he adds.

With the recent capital infusion, Mosaic will focus on further research and development, bring in more talent and expand into new asset classes such as equities.

“One of the key things is that as you go through a fast growth phase, you have to increase your staffing and capacity because the demand is outstripping your ability to supply,” says Matthew Hodgson, chief executive and founder of Mosaic.

“We are going through a very rapid hiring process, hiring more engineers, data scientists and client services people, as well as [for] user-interface development,” he adds.

Today’s financial markets are awash in data at a scale never seen before, but what really drives performance is being able to extract truly actionable insights from that data in real time
Warren Rabin, JP Morgan

Capital markets produce large amounts of raw transaction and pricing data daily. It is estimated that more than $30 billion was spent globally on information and analysis in 2018. But refining that data into valuable information is still a challenge for the buy and sell side. Having that information presented in a clean and normalised format is the primary building block of transaction cost analysis, which firms now use to measure best execution.

Mosaic provides analytics technology for investment banks, buy-side firms, custodians, electronic communication networks, exchanges and regulators. The firm’s suite of machine-learning models identify and alert users to opportunities, and threats, in areas ranging from sales and trading to management and compliance.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: