JPMorgan Addresses Fixed-Income Profit Woes with New Data Partnership

Big banks have continued to make forays into the smart and big data technology space. With an emphasis on restoring profitability, banks are also looking for more streamlined approaches to trading and business segments. In line with this trend, JPMorgan (NYSE:JPM) has launched a new strategic partnership with data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term, Mosaic Smart Data.

2017 has been a mixed bag for the banking sector. While initially forecasted as a doom-and-gloom year for banks, the sector managed to come out of the gates strong in Q1 2017. US banks have not been faced with the same profit challenges as their European counterparts, though headwinds still remain.

For its part, JPMorgan’s share prices are operating at a 52-week high after reporting its earnings earlier this month. The earnings highlighted a few mixed developments, underscoring issues surrounding the profitability of JPMorgan’s fixed-income trading unit. The new partnership however with Mosaic Smart Data will help address this, and aim to make this area more profitable.

Matthew Hodgson, Mosaic Smart Data’s founder and Chief Executive, commented: “One of the key things the banks are starting to realize is that some of their biggest competitive advantages are locked within their data.”

Consequently, JPMorgan has moved ahead with a multi-year deal to utilize Mosaic Smart Data’s technology division globally, per a Reuters report. Tapping Mosaic for its technology will be key to processing large swaths of data.

Indeed, the UK-based startup has developed specific technology which effectively aggregates and analyzes large volumes of data from the fixed-income trading division of investment banks. In doing so, this technology has proven to be instrumental in making better-informed decisions.

The technology has a wide range of applications, notably for the fixed-income space. This includes the ability to help traders decide what clients to focus on, while also allowing management to ascertain which specific traders and trading desks are performing better.