Mosaic Smart Data, the real-time capital markets data analytics company, has added support for repo instruments to its platform, with the service already in live deployment on the sales and trading desks of sell-side firms.
According to ICMA, the total value of outstanding repo contracts in Europe hit a new high of EUR 10,374 billion in December 2022, up 12.8% year-on-year. Meanwhile, it reported a continued acceleration in the growth of turnover on automatic trading systems in the interdealer segment.
The new repo addition on Mosaic, was reportedly developed in response to a growing demand from banks for the ability to optimise their balance sheets via a real-time and historical view of repo transaction data across all client accounts, and to convert this data into actionable intelligence.
The Mosaic platform aggregates a bank’s repo data (electronic and voice), normalises it and applies machine learning and AI to try and extract actionable insight from it. The net result for the bank is intended to be the construction of a real-time and historical balance sheet to help staff suggest appropriate opportunities to clients in a timely manner.
Matthew Hodgson, CEO and founder of Mosaic Smart Data, said, “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 the right insights, when the chips are down. We’ve already helped many leading global banks optimise their fixed income, currency and commodities (FICC) trading operations with real-time, cutting edge analytics tools, and now we’ve extended that support to the repo market at a time when digitisation and trading volume growth continue at pace.”
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