oneZero launches Algorithmic Pricing Module for bespoke prices

Rick Steves

The module addresses the needs of sophisticated clients who look to fine-tune their pricing function. They can take relevant parameters through a combination of API inputs and exposed user-defined settings.

oneZero Financial Systems has released the Algorithmic Pricing Module to facilitate the formation of customized pricing for each recipient.

The price creation tool uses brokers’ own data constructs and algorithms that can access market data, market risk positions, and other unique information.

The module addresses the needs of sophisticated clients who look to fine-tune their pricing function. They can take relevant parameters through a combination of API inputs and exposed user-defined settings.

This addition to the oneZero Institutional Hub offers a coding interface that enables clients to insert their own native code for greater control of the elements used and the construction of the price algorithms.

The Algorithmic Pricing Module is designed to allow brokers to keep their proprietary processes to themselves instead of having to expose them to such a competitive industry.

Andrew Ralich, Chief Executive Officer at oneZero, commented: “The initial response to this module has been staggering. Clients are already developing applications previously not thought possible, including the construction of new and innovative derivative product offerings whose prices can be perfectly calibrated for the intended end user. For institutional clients, enabling protection of their unique ‘secret sauce’ and providing the ability for the customer to make real-time changes to their pricing strategy to be responsive to market dynamics was something oneZero was keen to offer.”

oneZero is a multi-asset enterprise trading technology solutions renowned for its liquidity service. Over the past ten years, the firm built a distribution network with over 200 retail and wholesale brokers who trade over 100 billion USD through its Hub.

In a world in which multi-asset market access is vital for sustainability, direct integrations with several data vendors, exchanges and execution brokers is key. FinanceFeeds has recently spoken to Brian Ellison, Product Designer at oneZero, on how to get it right.

“One impact of the long shift towards multi-asset trading is the necessity of more and more brokers to have consistent, easy access to a growing number of market data providers. This can be particularly challenging for OTC brokers looking to pivot into a multi-asset environment.

“Vendors can offer a very much needed helping hand by offering market data integration services which allow brokers to connect to the market data redistributors or direct data source connections of their choice. The key to success will be to ensure the broker, no matter their size or history, can connect to the market data feeds they believe will serve their company and trading partners the best and utilize them in ways they can take full advantage of their data license such as for the creation of instruments like CFDs, market risk management, liquidity optimization, as well as algorithmic pricing and backtesting”, Mr. Ellison explained.

 

Read this next

Retail FX

Malaysia regulator exposes OctaFX clone, shady FB profiles

Malaysia’s financial regulator today warned online investors about the risks of following investment tips made on social-media platforms.

Digital Assets

Crypto trading volume spikes at Swiss bourse amid FTX collapse

The shockwaves from the historic collapse of Sam Bankman-Fried’s crypto empire are still being felt across the industry, but some trading venues are actually doing better because of it.

Executive Moves

CMC Markets adds Camilla Boldracchi to institutional sales

UK’s biggest spread better, CMC Markets has promoted Camilla Boldracchi to take on an expanded role within its institutional sales desk.

Institutional FX

FXSpotStream reports $1.48 trillion in monthly volume for November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2022, which moved higher on a yearly basis but reflected weak performance across executed trade volumes when weighed against the figures of the prior month.

Retail FX

Interactive Brokers’ client activity drops 30% YoY

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.95 million daily average revenue trades, or DARTS, in November 2022 compared to 1.96 million transactions in the prior month.

Digital Assets

The rise of Crypto ETPs in traditional exchanges as crypto winter deepens

Institutional investors are increasingly looking at traditional regulated exchanges as their first route into digital assets amid market turmoil caused by the crypto winter and the collapse of several big names within the space, including FTX. Acuiti and Eurex surveyed 191 buy and sell-side firms on their views of the digital assets markets in order […]

Digital Assets

TP ICAP’s crypto arm receives FCA’s go-ahead

UK interdealer broker TP ICAP has received a regulatory go-ahead to launch its cryptocurrency services in the UK. The bid shows that the recent collapse of FTX exchange has done little to damp the interest of big names in running their own crypto business.

Industry News

Coin Signals founder to pay $2,847,743 after prison sentence over crypto Ponzi scam

The U. S. District Court for the Southern District of New York has ordered Jeremy Spence, founder of Coin Signals, to pay $2,847,743 in restitution to victims of a fraudulent virtual currency scheme.

Digital Assets

CME Group goes DeFi: Reference rates and real-time indices of Aave, Curve, Synthetix

“These rates are designed to provide traders, institutions and other users transparency and price discovery across a much broader range of tokens, allowing them to confidently and more accurately value cryptocurrency sector specific portfolios and manage price risk around various blockchain-based projects.”

<