Mosaic to use investment to expand data platform’s support into new asset classes
J.P. Morgan has added Mosaic Smart Data to its strategic investments portfolio, taking a minority stake in the company. J.P. Morgan is also a client of Mosaic, having put its platform into production within its rates business.
Mosaic will use the investment to continue expanding the range of asset classes its platform supports.
Warren Rabin, the head of macro sales in America from J.P. Morgan said: “We are investing in our salesforce, and technology is part of that investment. These investments in people and technology reinforce our commitment to putting clients first in every aspect of our business.”
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Matthew Hodgson, Founder and CEO of Mosaic Smart Data said: “J.P. Morgan’s investment is testament that our technology has been built specifically for the challenges of capital markets. We look forward to using the investment to further empower our clients to gain insights across asset classes.”
Mosaic’s platform provides a sophisticated visualization of market activity in real-time. Mosaic’s vision is to empower financial market professionals with usable, data-driven tools to ask the questions they need answered and to receive those results in a language they can understand.