AxeTrading adds Mosaic Smart Data analytics platform to bond EMS

Mosaic Smart Data’s MSX analytics platform will be available to clients of AxeTrading’s fixed income EMS.

AxeTrading has teamed up with Mosaic Smart Data to incorporate consolidated fixed income analytics to its execution management system (EMS).

Traders using the AxeTrader EMS will gain access to Mosaic Smart Data’s MSX analytics platform under the agreement, including real-time counterparty insights, transaction cost analysis (TCA), hit ratios and profitability analytics.

“The ability to deliver high-quality analysis of a firm’s valuable fixed income trading data, captured and normalised by AxeTrader, will be of huge value to our clients. Through this collaboration, clients will be able to maximise their liquidity opportunities in real time and execute with insight seamlessly through AxeTrader,” said Mark Watters, CCO and co-founder of AxeTrading.

Both firms added that as fixed income markets evolve and the adoption of electronic and algorithmic trading, and automation expands, firms must take advantage of their trading data in order to trade more profitably.

“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,” said Matthew Hodgson, CEO and founder of Mosaic Smart Data.

“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.”

Mosaic Smart Data recently teamed up with CLS and MUFG to launch a free data service aimed at helping trader navigate the increased market volatility. Known as FXLIQUIDITY, the weekly analysis on key currency pairs includes data from FX settlement provider CLS and data from the FX order book at broker-dealer MUFG, powered by Mosaic Smart Data’s software analytics.