oneZero adds Cboe FX and State Street to its network

Rick Steves

“We facilitate improvements in brokers’ liquidity supply chain which result in better flow for liquidity providers and better relationship management between brokers and LPs.”

oneZero Financial Systems has announced two major additions to the vast network of liquidity providers and venues within its EcoSystem, namely Cboe FX and State Street.

The announcement comes in a busy period for oneZero, with the firm having recently been named a Top Place to Work by The Boston Globe. In September, it became public that Invast Global selected oneZero as their core technology provider for their Multi-asset Prime Services business.

During the summer, oneZero made the Inc. 5000 list of America’s fastest-growing private companies and was named Best Liquidity Aggregator in FX Markets’ e-FX Awards 2022.

Cboe FX and State Street gain access to +200 FX brokerages in oneZero network

Each of the firms will now have access to the more than 200 FX brokerages in the oneZero network, responsible for over 10 million transactions and 150 billion quotes per day across retail and institutional FX markets.

The multi-asset enterprise trading technology solutions provider launched its Institutional Hub in 2019 and has seen rapid adoption among institutional brokers and banks that have replaced legacy systems.

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.”

Cboe FX diversifies liquidity options at oneZero

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.

Ben Leit, Vice President and Global Head of FX Sales at Cboe FX, commented: “I am really pleased that Cboe FX is working with the team at oneZero. Together, we can deliver a really positive trading experience for the end-customer, 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.”

State Street to tap customized liquidity

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.

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.”

Read this next

Digital Assets

SEC bypassed commission vote in approving Ethereum ETFs

The Securities and Exchange Commission’s (SEC) Trading and Markets Division has approved several spot Ethereum exchange-traded funds (ETFs) using delegated authority, rather than a vote by the full commission.


BlockDAG Presale Draws Massive $32.4M Hinting At its 30,000x ROI Potential, Overshadowing Retik Finance at Bitmart

Learn why BlockDAG’s innovative strategies and $32.4M presale success are making millionaires, overshadowing Retik Finance’s struggle on Bitmart.

Institutional FX

Malaysia’s exchange launches API for onboarding retail investors

“The Exchange actively listens to the evolving needs of our customers. This initiative is key in delivering on our commitment towards greater customer-centricity. We will continue to work closely with our POs and introduce service innovations to attract more investors, bolstering the competitiveness of our market.”

Fintech, Uncategorized

LiquidityBook welcomes JonesTrading to LBX Post-Trade Hub

“As we near the T+1 deadline, we are excited to continue helping firms achieve straight-through processing in addition to delivering new enhancements to our comprehensive range of cloud-native buy- and sell-side trading solutions.”


Should I Invest Today? Which Altcoins Could Make 2-5X Profits Amid the Latest News?

Investing in cryptocurrencies can be a journey full of surprises, given their volatile nature.

Executive Moves

Bakkt promotes Ray Kamrath to CCO of Crypto

Bakkt has promoted Ray Kamrath to Chief Commercial Officer of the company providing custody, trading, and onramps to the crypto space.

Industry News, Uncategorized

HSBC relocates US headquarters to The Spiral, New York

HSBC has opened its new U.S. headquarters at The Spiral, a renowned office building in New York City’s Hudson Yards neighborhood.


Best Cryptos to Buy Before the Real Bull Run Kicks Off

With the bull run of 2024 already underway, investors are eager to identify cryptocurrencies that promise significant growth.

Market News

This time is different – is it?

The stock market wants lower interest rates – or rather, it has been expecting them for months. Justified? The US economy looks very robust, so higher interest rates would actually be the order of the day.