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

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

<