oneZero, a developer of multi-asset enterprise trading technology, has onboarded the Chicago Board Options Exchange (Cboe) FX and State Street, into its EcoSystem. The oneZero EcoSystem is a vast network comprised of brokers, banks, and liquidity providers who partner for liquidity distribution and to gain access to unique flows, with direct market access to exchanges and clearing providers.
oneZero disclosed the latest expansion of its EcoSystem in a statement shared with Finance Magnates. The development comes a few days after oneZero welcomed the Binance VIP and Institutional service into its network.
Announcing Cboe FX and State Street's entry into its network, oneZero noted both entities now have access to more than 200 forex brokerages in its community.
“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,” oneZero explained.
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On the other hand, the trading technology provider explained that State Street will get access to both shared and tailored streams through direct relationships with its 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,” oneZero explained.
Connecting to oneZero
Speaking on the new additions, Phil Weisberg, the Executive Vice President of Strategic Planning and Partnerships at oneZero, noted that the company has invested heavily into its institutional product function and is excited to see Cboe FX and State Street get access to these advantages. Also contributing, Ben Leit, the Vice President and Global Head of FX Sales at Cboe FX, noted that both companies can deliver “a really positive trading experience” by combining their unique features.
For his part, Dan MacGregor, the Head of eFX Sales Americas at State Street, noted that the American financial services company was attracted to oneZero’s streams-based approach to liquidity. MacGregor noted that State Street believes that its integration with oneZero will enable it to “offer the drilled-down, customized liquidity that is central to positive trading outcomes in today’s market.”
Recent Invast Global Integration
Apart from the recent integration by Binance VIP and Institutional, other brokers and trading platforms have also joined oneZero’s expanding network in recent months.
In September, Invast Global, a Sydney-headquartered multi-asset prime brokerage, chose oneZero to meet its core trading technology needs across its global institutional business. The broker replaced several of its current systems for institutional market participants with oneZero’s trading technology solution.
In April last year, IHS Markit, TRAction and Tradefora joined oneZero. This is in addition to three post-trade regulatory vendors, EMIREP, SteelEye and Point Nine, which also gained direct access to the trading technology provider’s data source.
