oneZero, a global leader in multi-asset corporate trading technology solutions, announced two major additions to the vast network of liquidity providers and trading venues within its ecosystem, namely Cboe FX and State Street.
Each of the firms now has access to the 200+ FX brokers in the oneZero network, who trade over 10 million transactions and 150 billion quotes per day in the retail and institutional FX markets. oneZero launched its Institutional Hub in 2019 and has seen rapid adoption by institutional brokers and banks that have replaced legacy systems.
Offering the benefits of an independent, transparent market structure, Cboe FX leverages custom liquidity pools to meet participants’ execution criteria, with configurable fixed and non-fixed streaming quotes for tailored liquidity needs.
State Street will leverage both shared and customized streams through direct relationships with its liquidity consumers. They will be able to send customers a bespoke unique liquidity mix, tapping into multiple flows allowing individual pricing per customer segment according to flow characteristics, as well as shared flows for scalability.
Phil Weisberg, EVP of Strategic Planning and Partnerships at oneZero said: “At oneZero we believe in liquidity optimisation. We enable improvements in brokers’ liquidity supply chain resulting in better flow for liquidity providers and better relationship management between brokers and LPs. We have invested heavily in our institutional product function and are pleased that Cboe FX and State Street will see the benefits of this.”
Ben Leit, Vice President and Global Head of FX Sales at Cboe FX, commented, “I am delighted that Cboe FX is partnering with the oneZero team. Together we can offer the end customer a truly positive trading experience by combining oneZero’s technology with Cboe FX’s deep and robust liquidity pool and oneZero customers can now benefit by having more diverse liquidity options at their disposal.”
Dan MacGregor, State Street’s Head of eFX Sales Americas, said: “As part of our ongoing commitment to our clients, we were attracted to oneZero’s stream-based approach to liquidity. This gave us confidence that oneZero would enable us to offer the detailed, tailored liquidity that is central to positive trading outcomes in today’s market. We look forward to working with oneZero and delivering value to our customers.”
The announcement comes at a busy time for oneZero. earlier this month, The Boston Globe has recognized oneZero as a Top Place to Work. That was announced in September Invast Global has selected oneZero as the core technology provider for its multi-asset prime services business. In August, oneZero was named to the Inc. 5000 list of America’s Fastest Growing Private Companiesand in July oneZero was named Best Liquidity Aggregator in FX Markets e-FX Awards 2022.
Source: oneZero
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