In trading, there are several digital opportunities. For example, Mosaic Smart Data looks to help sales and trading desks establish an external view of aggregat- ed electronic-venue performance to see how much of the overall market wallet they are capturing. Banks often pursue electronic market share for market share’s sake, which can lead to unprofitable performance. Client flows are increasingly fragmented across trading venues, which, with weakened client relationships, makes understanding client drivers difficult. By commingling electronic market data with diverse data sources and providing the event processing and visualiza- tion capabilities to analyze real-time and historical data, Mosaic Smart Data also helps banks develop an internal view on client profitability by quantifying the P&L on an individual trade basis and assessing the real value of an individual client’s flow.