Behavox Acquires Mosaic Smart Data
Posted by Colin Lambert. Last updated: February 27, 2025
Data insights provider Behavox has announced the acquisition of trading data analytics firm Mosaic Smart Data – terms of the deal were not disclosed.
Mosaic Smart Data’s software enhances liquidity discovery and decision-making in fixed income, currency, and commodities markets and is, the firm says, deployed across five continents by institutions JPMorgan and ING. Mosaic aggregates all transaction data from across the organisation as well as external sources, normalising it, and applies AI models to extract actionable insights.
“This acquisition enables us to integrate commercial insights from Behavox, such as Indications of Interest (IOIs) and Request for Quotes (RFQs), into Mosaic Smart Data – across both text and voice,” says Erkin Adylov, CEO of Behavox. “Our new trade surveillance system will be fully cloud-native, built from the ground up using the latest technologies, highly scalable, and powered by Behavox LLM. More importantly, it will be fully integrated with Quantum, our electronic communication surveillance offering, and our regulatory archiving solution, Intelligent Archive.”
Matthew Hodgson, CEO of Mosaic Smart Data, adds, “We are [joining] Behavox at a time when AI adoption in financial markets is accelerating. Customers increasingly seek AI-driven insights to analyse pre-trade journeys and extract intelligence from communication data to help them make more money. Mosaic Smart Data will be the first company to offer FICC desks a comprehensive view of market activity, integrating both transaction and communication data.”
Behavox says it will leverage Mosaic’s expertise and technology to enhance its Trade Surveillance offering which is currently going through customer testing pending release in the second half of 2025.
The acquisition was completed in December 2024, and the firms say the integration of both product offerings is “well underway and ahead of schedule”.
