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JP Morgan bolsters bond trading desk with AI technology

JP Morgan signs multi-year deal with AI company Mosaic in a bid to improve analytics across fixed income. 

By Hayley McDowell hayley.mcdowell@strategic-i.com October 23, 2017 10:22 AM GMT

JP Morgan has teamed up with an artificial intelligence (AI) start-up company to deploy its technology across the fixed income sales and trading business. 

The multi-year deal which spans the entire fixed income trading business, will allow the fixed income trading teams at JP Morgan better visualise and anticipate market and client activity, while reducing the cost and complexity of compliance.

Mosaic Smart Data allows banks to use prediction analysis and AI technology for vast volumes of data within sales, trading, management and compliance teams, in a bid to better understand and monitor clients needs.

Troy Rohrbaugh, global head of macro at JP Morgan, explained having a more holistic view of trading data will improve the service delivery for clients. 

“The Mosaic platform integrates securely with our existing technology infrastructure, and enables our teams to quickly make better informed decisions,” he said.

Chief administrative officer of the corporate and investment bank at JP Morgan, Sanoke Viswanathan, added hundreds of FinTech firms were reviewed as part of the bank’s In-Residence programme.

“Mosaic has been successful because they demonstrated the ability to partner closely with us and co-develop the product,” Viswanathan said.