2024-11-18 23:27:09
Author: oneZero Financial Systems / 2023-07-25 15:18 / Source: oneZero Financial Systems

oneZero expands its EcoSystem; adds Cboe FX and State Street

oneZero expands its EcoSystem; adds Cboe FX and State Street

Marks expansion of oneZero's liquidity provision

BOSTON,Dec. 13,2022 -- oneZero,a global leader in multi-asset enterprise trading technology solutions,today announced two major additions to the vast network of liquidity providers and venues within its EcoSystem,namely Cboe FX and State Street.

Each of the firms now have access to the over 200 FX brokerages in the oneZero network that make over 10 million transactions and 150 billion quotes per day across retail and institutional FX markets. oneZero launched its Institutional Hub in 2019 and has seen rapid adoption among institutional brokers and banks that have replaced legacy systems.

Cboe FX brings the benefits of an independent,transparent market structure,and will take advantage of custom liquidity pools to meet participants' execution criteria,with configurable firm and non-firm streaming quotes for tailored liquidity needs.

State Street will utilize both shared and tailored streams via direct relationships with their liquidity consumers. They will be able to send clients a customized,unique blend of liquidity,tapping into multiple streams that allow for individual pricing per client segment according to flow characteristics,as well as shared streams for scalability.

Phil Weisberg,EVP of Strategic Planning and Partnerships at oneZero,said: "At oneZero,we believe in liquidity optimization. We facilitate improvements in brokers' liquidity supply chain which result in better flow for liquidity providers and better relationship management between brokers and LPs. We have invested heavily into our institutional product function,and we are delighted 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 really pleased thatCboe FXis working with the team at oneZero. Together,we can deliver a really positive trading experience for the end-customer,combining oneZero's technology withCboe FX's deep and robust liquidity pool,and with oneZero's clients now benefiting from having more diverse liquidity options available to them."

Dan MacGregor,Head of eFX Sales Americas at State Street,said: "As part of our continued commitment to our clients,we were attracted to oneZero's streams-based approach to liquidity. This gave us confidence that oneZero would enable us to offer the drilled-down,customized liquidity that is central to positive trading outcomes in today's market. We look forward to working with oneZero and further deliver value to our clients."

The announcement comes in a busy period for oneZero. Earlier this month,The Boston Globe named oneZero a Top Place to Work. In September,it was announced that Invast Global selected oneZero as their core technology provider for their Multi-asset Prime Services business. In August,oneZero made the Inc. 5000 list of America's fastest-growing private companies,and in July,oneZero was named Best Liquidity Aggregator in FX Markets' e-FX Awards 2022.

About oneZero

oneZero Financial Systems has been a leading innovator in multi-asset class enterprise trading technology for over a decade. Its powerful software encompasses the Hub,EcoSystem and 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 empowers financial institutions and brokers to compete effectively in the global financial markets through a globally compliant,liquidity-neutral solution. oneZero is certified to the standards of ISO 27001 information security management systems,and has development and operations centers in Asia,Australia,Europe and North America.

For more information,please contact:

Talia Geberovich


Head of Marketing and Communications


tgeberovich@onezero.com

Tags: Banking/Financial Service Computer/Electronics

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