Mosaic Smart Data launches data normalisation process

By Megha Bhattacharya

London-based capital markets data analytics company, Mosaic Smart Data has announced the launch of a data normalisation process as a new stand-alone service today. The company stated that it would deploy enrichment technology and data model for processing firms’ transaction data, thus allowing institutions to analyse their activity in a given asset class.

Matthew Hodgson, CEO, and Founder of Mosaic Smart Data, said, “Inconsistent data inputs and storage are a huge challenge for institutions and hinder performance and profitability. Right now, it is impossible for many institutions to understand even quite simple information about their activity at the macro level because every venue records information differently. Normalisation solves this problem. It is the foundation of understanding data and an absolute prerequisite to comprehensive, accurate, and forward-looking analytics.”

According to the company, the service can be provided through the cloud or deployed on-premises behind the client’s firewall. The offering allows institutions to aggregate data from across all their trading channels and streams into a single unified messaging language. The service will enable firms to take the next step in adopting Mosaic Smart Data’s MSX analytics platform, which provides real-time analysis across the institution’s capital markets activities. MSX allows firms to analyse the normalised data, capitalise on the insights within and optimise their business to increase customer care and profitability.

“With many firms now forced to look at new ways of working, more work is being done digitally. This makes data normalisation even more important. Digital tools can only be effective with the right data, and if firms build tools which only analyse part of their activity, they risk creating new silos and new inefficiencies. Normalisation allows firms to see their data – and their business – as a whole, unlocking new insights and helping teams work cohesively and in symphony,” Hodgson continued.

Recently, fixed-income trading software provider, AxeTrading announced the integration of its AxeTrader EMS with the MSX platform of Mosaic Smart Data. The collaboration is expected to offer AxeTrader’s users with new capabilities, including real-time counterparty insights, TCA, hit ratios, and profitability analytics.