Fixed Income EMS AxeTrader Integrates MSX Platform for Data Analytics - The Industry Spread

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

AxeTrading

Fixed Income EMS AxeTrader Integrates MSX Platform for Data Analytics

June 27, 2020

AxeTrader’s fixed-income EMS for the sell-side, buy-side, and agency brokers has integrated the Mosaic Smart Data’s MSX platform, according to an official statement.

The fixed-income trading market continues to rapidly evolve as a wave of change is driving the adoption of automation, algorithmic driven trading and expansion of trading models. AxeTrader seamlessly generates, collects and standardizes all the relevant data from multiple sources including OTC transactions, voice trade confirmations, and trades across 22 execution venues, 12 leading market data sources, and internal platforms.

AxeTrader provides fixed income traders with market aggregation and trading workflows in a single desktop enabling more efficient and transparent trading. The firm partnered with Mosaic Smart Data for its analytics tool, which will deliver AxeTrader users a range of new capabilities including real-time counterparty insights, TCA, hit ratios, and profitability analytics, fuelled by machine learning. Its data analytics platform, MSX, and advanced suite of machine-learning powered tools, MSX360, provide value to buy-side, sell-side, custodians, market infrastructure providers and trading venues alike.

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

Mark Watters, Co-Founder and Director at AxeTrading

Mark Watters, CCO and co-founder of AxeTrading commented: “We are delighted that we will be able to offer our clients access to Mosaic Smart Data’s market-leading consolidated analytics capability. The ability to deliver a high-quality analysis of a firm’s valuable fixed income trading data, captured and normalized by AxeTrader, will be of huge value to our clients. Through this collaboration, clients will be able to maximize their liquidity opportunities in real-time and execute with insight seamlessly through AxeTrader.”

Earlier this year, AxeTrading deployed the Overbond COBI pricing analytic platform on its  EMS for its AI predictive analytics for the fixed income capital markets. Its COBI pricing platform is an advanced AI bond pricing solution for electronic bond trading. It utilizes deep data aggregation and AI modeling trained on 5 years live market data and 20 years of back-data history.

AxeTrader provides fixed income traders with market aggregation and trading workflows in a single desktop enabling more efficient and transparent trading using adaptive, open and flexible technology. The platform interacts seamlessly across over 45 execution venues and connects to 11 leading market data sources, including Overbond.

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