Partnership delivers real-time analytics infrastructure to support Mosaic’s new interaction layer focused on aligning liquidity, intent, and performance based on MERIT.
NEW YORK, April 13, 2026 – KX, the leading high-performance analytical database for the AI era and the infrastructure provider behind many of the world’s leading trading venues and capital markets institutions, today announced that Mosaic Platforms has selected kdb Insights to power the real-time analytics infrastructure behind its new U.S. equities trading venue.
As markets become more automated and data-intensive, venue operators require infrastructure capable of evaluating interaction quality in real time — not just matching orders quickly, but measuring performance, behavior, and outcomes continuously. KX’s kdb Insights provides the time-aware analytics foundation that enables this shift, unifying streaming and historical market data in a single high-performance engine built for the critical path of trading.
“Global markets have long embraced competition and innovation, which has resulted in a steady rise in alternative trading venues for participants,” said John Cosenza, Co-CEO of Mosaic Platforms. “Despite the abundance of choices, a divide in liquidity quality continues to widen and amplify market exhaust.”
Mosaic designed its platform around real-time data and historical analytics operating together in a single system. Its model requires continuous evaluation of order data, workflow behavior, and execution quality.
“The market doesn’t need another trading venue. It needs a new interaction model, said Cosenza. “Mosaic is democratizing a new compatibility layer beyond standard matching logic, where diverse workflows can interact with minimal footprint and share value based on MERIT.”
“From day one, real-time analytics were core to our platform architecture,” said Vishal Punjabi, Head of Product at Mosaic Platforms. “We needed a technology partner that could support rapid iteration across both real-time and historical data simultaneously. Compact query languages and high-performance analytics create a critical feedback loop — research is expedited, subscriber behavior is better understood, and the system can be continuously optimized.”
KX enables Mosaic to:
- Analyze streaming and historical market data in a unified engine
- Operate within the critical path of high-volume trading environments
- Replay and simulate trading behavior to refine execution logic
- Continuously optimize its matching model based on measurable performance and data insight
“When you’re building infrastructure that operates in the critical path of high-volume trading, performance and reliability are non-negotiable,” Punjabi added. “KX brings a demonstrated track record in exactly these environments, which made them the right choice as we evaluated vendors.”
Modern market structure is evolving from static rule sets to adaptive, data-driven interaction models. This requires infrastructure that can not only process data at scale, but continuously learn from it.
“Mosaic is redefining how liquidity interacts in U.S. equities,” said Ashok Reddy, CEO of KX. “That shift requires infrastructure that can measure, learn, and adapt in real time. KX enables a continuous feedback loop where market behavior is not just processed, but understood and improved.”
With KX as its analytical backbone, Mosaic is positioned to scale its MERIT driven interaction model while maintaining the transparency, resilience, and performance required in today’s electronic trading environment.
About Mosaic Platforms
Mosaic Platforms, Inc., founded in 2024, is a privately held technology company. Mosaic is creating the standard for compatibility-based trading — powered by MERIT (Market Execution Rating for Informed Trading), an independent, objective, quantitative compatibility scoring and rating system. Mosaic ATS, LLC (FINRA/SIPC member), is the first MERIT driven market center. Learn more at mosaicplatforms.com.
About KX
KX software powers real-time, time-series, and AI-driven analytics across capital markets, aerospace & defense, and high-tech manufacturing. Built for speed, precision, and scale, the KX platform enables organizations to extract actionable insights from streaming, sensor, and historical data to support critical use cases from predictive maintenance and operational automation to real-time simulation and vertical agentic AI. Trusted globally for its proven performance and reliability, KX delivers the data infrastructure enterprises need to thrive in an AI-driven world. www.KX.com.
Media Contact
Holly Spiers
Hspiers@kx.com