Mosaic Smart Data

LiquidityEdge to License MSX Platform to Trading Venues

MSX PlatformThe electronic US Treasuries trading venue has signed a multi-year deal to license Mosaic Smart Data’s MSX platform to provide analytics across its innovative all-to-all marketplaces.

Mosaic Smart Data will deliver LiquidityEdge with a suite of analytics to monitor and compare liquidity to assist in ensuring smooth market operation, improving trading efficiency, venue performance and facilitating growth. The MSX platform’s anomaly detection tools and built on machine learning models identify unusual activity in the market that may indicate an emerging issue, which allows for preemptive action.

Mosaic Smart Data will fully manage the cloud-based platform deployed to LiquidityEdge under a SaaS agreement.

Nichola Hunter, CEO at LiquidityEdge, said: “We built LiquidityEdge to challenge existing market structures and ‘business as usual’ in the Treasuries market. So, we’re always on the lookout for innovation which will enable us to deliver a better experience to our users. The MSX platform harnesses the power of our order book to deliver finely grained analysis and actionable insights delivering performance improvements for LiquidityEdge and our users.”

Matthew Hodgson, CEO and founder of Mosaic Smart Data said: “Data analytics is becoming the bedrock of financial market participants’ business. When you’re able to utilise your data effectively to deliver better performance for your clients, it attracts more business which enhances your analytics with additional data. It is a virtuous circle and a powerful competitive advantage for trading venues and market participants. LiquidityEdge is an innovative and forward-thinking trading venue which is seeing record volumes driven by their focus on creating a more efficient and seamless trading experience for their clients. It was the perfect fit for us and we’re looking forward to continuing to collaborate to iterate our software for trading venues.”

Market liquidity in fixed income has been diminishing, which translates to the growing importance of identifying potential challenges on trading venues’ platforms early and act proactively. Both firms have developed together analytics tools for trading venues, which will be used by LiquidityEdge to monitor and improve the performance of the venue as an additional service.