JPMorgan partners with data start-up to boost fixed-income trading

JPMorgan Chase & Co (NYSE: JPM) has partnered with data analytics start-up Mosaic Smart Data to help its fixed-income sales and trading business become more profitable.

Troy Rohrbaugh, global head of macro at JPMorgan, said that Mosaic Smart Data’s technology could make the bank’s teams “quickly make better informed decisions.”

Mosaic Smart Data is the first company to complete JPMorgan’s “In-Residence” program for fintech start-ups, which was launched in 2016. The program gives young fintech companies support in helping commercialize their products and services.

Matthew Hodgson, Mosaic Smart Data’s founder and chief executive said the idea for the company came from his own experience heading trading at large banks.

“The problem banks face is how do you run your business and understand everything in real time, whether it is research or inventory, and be able to anticipate rather than react to client needs,” he said. Read the full article here.