oneZero launches Algorithmic Pricing Module for bespoke prices

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.