Marks the expansion of oneZero’s liquidity provision
BOSTON, December 13, 2022 /PRNewswire/ — oneZero, a global leader in technology solutions for multi-asset corporate trading solutions, today 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 requirements.
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 WeissbergEVP 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 we are pleased that Cboe FX and State Street will see the benefits of this.”
Ben LeitVice President and Global Head of FX Sales at Cboe FX, commented, “I am delighted that Cboe FX is working 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 with oneZero’s clients now benefiting from having more diverse liquidity options available to them.”
Dan MacGregorHead of eFX Sales Americas at State Street, said: “As part of our ongoing commitment to our clients, we have been drawn to oneZero’s stream-based approach to liquidity, tailored liquidity that is central to positive trading outcomes in today’s market. We look forward to working with oneZero and continuing to bring value to our customers.”
The announcement comes at a busy time for oneZero. Earlier this month, The Boston Globe named oneZero a Top Place to Work. In September, it was announced that Invast Global had 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 Companies and in July, oneZero was named Best Liquidity Aggregator in FX Markets’ 2022 e-FX Awards.
About OneZero
oneZero Financial Systems has been a leading innovator in multi-asset class enterprise trading technology for over a decade. Its powerful software includes the Hub, the EcoSystem and the Data Source – three components that separately solve specific organizational challenges and together provide a complete solution for trading technology, distribution and analytics. Through reliable connectivity, technology, infrastructure and market access, oneZero enables financial institutions and brokers to compete effectively in global financial markets through a globally compliant, liquidity-neutral solution. oneZero is certified to ISO 27001 Information Security Management Systems standards and has development and operations centers in Asia, Australia, Europe and North America.
For more information, please contact:
Talia Geberovich
Head of Marketing and Communication
[email protected]
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SOURCE oneZero Financial Systems
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