Invast Global, a Sydney-headquartered multi-asset prime brokerage, on Thursday announced the selection of oneZero Financial Systems to meet its core trading technology needs across its global institutional business.
oneZero is a developer of multi-asset enterprise trading technology for retail and institutional brokers, banks and liquidity providers.
Invast Global said it has replaced several of its current systems for institutional market participants with oneZero’s trading technology solution.
“The oneZero solution now handles the complexities of an institutional business that delivers services via servers in London, New York and Tokyo, while adding reporting sophistication that helps to set their trading and hedging strategies for competitive performance and profitability,” Invast Global said in a statement shared with Finance Magnates.
The multi-asset prime broker explained that it has taken servers in London, New York and Tokyo, with real-time data center replication to ensure maximal resiliency across its global footprint to help optimize the client experience.
“From price formation, credit checking, trade routing through to execution, oneZero provides reporting at a granular level at each point of the trade lifecycle to ensure optimum latency in each production environment,” the prime broker noted.
‘Tailored Solution’
James Alexander, the Chief Commercial Officer at Invast Global, lauded oneZero’s 'depth of understanding' of the multi-asset trading firm’s complex workflows.
Alexander described the developer’s ability to come up with tailored solutions to meet the prime brokerage’s needs as ‘impressive’.
“The granularity of analysis that we now have gives us confidence that each element of the trade lifecycle achieves highly competitive performance,” he added.
Charl de Vleeschauwer, the Global Head of Trading and Execution at Invast Global, commended oneZero’s Algorithmic Pricing Module feature.
Vleeschauwer noted that the feature enables Invast Global to create custom prices for its clients using its proprietary algorithms.
He further explained that oneZero's advanced analytics help to boost Invast Global's understanding of customer trading characteristics as well as the performance of liquidity providers.
The Invast Global executive clarified that this makes it possible for the prime brokerage company to create custom pools of liquidity which lead to better outcomes for all of the brokerage’s client types.
“But most importantly, the ability to incorporate a feedback loop where changes in client behavior and liquidity provider performance are reflected in our pricing and liquidity strategy is a key differentiator,” Vleeschauwer added.
Meanwhile, Andrew Ralich, the CEO and Co-Founder of oneZero expressed joy at the time the company was onboarded by Invest Global.
“Over the past three years, we’ve made a focused effort to complement our industry-leading retail risk management and distribution capabilities with institutional workflow and price creation functionality, and this deployment is a prime example of the culmination of our investments,” Ralich explained.
