FICC data analytics firm to adopt ESA algorithms to improve market surveillance technology.
MiFID II research pricing war has seen price of fixed income research plummet as banks compete against each other.
JP Morgan implemented Mosaic Smart Data’s technology across its fixed income trading business in October last year.
Goldman Sachs FICC business has seen the biggest drop of all the Wall Street banks so far in the second quarter.
The top 12 investment banks struggled with equities trading in the first quarter but bounced back in FICC trading.
FICC trading revenues remained flat in the first quarter at Goldman Sachs, as its rivals reported significant increases.
Joseph Mauro joined the fund manager as head of markets, and will be part of a new macro fund launch in 2017.
Investment banking revenue in 2016 expected to decline for fourth year in a row.
Fixed income pre-trade transparency and the number of instruments will see less firms opting in to become a systematic internaliser.
Fixed income and commodities sales again identified as major contributor to lower revenues, though cash equities are also struggling.