Best aggregator and Best FX analytics provider: oneZero

oneZero continues its rapid growth as FX brokers, banks and non-banks in Asia and beyond benefit from the advanced features its multi-asset trading and analytics technology provide

oneZero’s revenue growth continued unabated in 2023 as the technology vendor unveiled a steady stream of new features to its trading technology suite to enhance the trading operations of its buy- and sell-side client base. Key to the firm’s growth over the past three years has been its strategy of delivering intelligent performance capabilities to its clients by combining analytical tools with market-neutral liquidity solutions that allow brokers, prime-of-primes (PoPs) and regional banks to solve specific organisational challenges.

From advanced price formation, distribution and risk management to trade execution, credit and behavioural analytics, oneZero provides its clients with a complete trading, distribution and analytics solution that puts them in full control of their risk and order management functions.

One key innovation has been the addition of a new simulation tool – Maker Pool Replay – that allows market participants to back-test performance across various liquidity provider configurations using real-world trade data, providing invaluable insights into price comparison and profit-and-loss analysis within a controlled sandbox environment. By allowing users to optimise liquidity stream groupings before implementation in live Hub environments, Maker Pool Replay enhances confidence in risk management strategies.

In today’s environment, it is increasingly important for banks and institutional brokers to be able to reach their customers wherever they choose to trade. To this end, oneZero introduced new distribution channels, such as request-for-quote functionality with full connectivity to the top multi-dealer platforms. These joined the existing network available through its Hub liquidity aggregator platform, electronic communication networks and exchanges. The vendor plans to expand the scope of distribution channels for clients further in 2024.

Connection to all distribution channels is made via ultra-low latency lines, which allow clients to use oneZero’s trading front end or systematic hedger, or to seamlessly connect to their own pricing and execution platforms.

As a complement, oneZero’s clients can now directly input their own algorithmic pricing code inside the Hub to access its functionality and services without having to reveal proprietary information.

On the risk management side, oneZero introduced additional risk management tools and enabled clients to optimise their portfolios by routing incoming order flows to distinct books and applying the appropriate risk management strategy to each of these groups. This function thus allows clients to be very granular in how they manage risk within their own customer franchise.

“oneZero has become the leading trading system in terms of advanced feature deployment,” says Jamie Scott, head of electronic trading and execution for Asia-Pacific (Apac) at 26 Degrees, a PoP based in Australia.

“Their development cycle is extremely impressive, allowing clients to be front of market when it comes to price creation and distribution, as well as liquidity and risk management. The data and analytics on the platform are key, allowing for a deeper knowledge into client trading behaviour and liquidity performance.”

“oneZero delivers multi-asset technology solutions that drive intelligent performance,” adds Alex Neo, oneZero’s Sydney-based global chief commercial officer. “By helping our partners increase their revenue through solutions that combine liquidity management with analytics, oneZero is transforming the role that technology providers play in real-time execution for over-the-counter markets in Asia.”

Commitment to Apac

While oneZero caters to all its clients worldwide, Neo emphasises the vendor’s unparalleled commitment to its client base in the Apac region and highlights that, in addition to its regional headquarters in Sydney, the firm has another five regional offices. Apac now represents the lion’s share of the vendor’s geographic reach.

The promotions in 2023 of Neo to chief commercial officer and Lynette Yeo to managing director of global relationship management – both Apac-based – is testament to the firm’s commitment to the region. To broaden its follow-the-sun customer service, oneZero plans to further expand into the Apac region in 2024 in multiple areas, including increasing its operations in Japan.

Driving intelligent performance through data

To help its clients become more profitable, oneZero has built price distribution and trading functionality that deliver intelligent performance across the full spectrum of market conditions.

With the rise of volatility at the onset of the Covid-19 pandemic, the speed of the FX market increased substantially and has not shown any sign of slowing down. As this phenomenon gathers pace, market participants are increasingly seeking data-driven solutions that can manage market data update rates of 500,000 or more messages per second.

Already processing tens of millions of trades a day and trillions of quotes each month, oneZero can manage all of its clients’ data and provide them with a deep analysis of that data – out of the box and without them lifting a finger, which is a tremendous time-to-market advantage.

oneZero continues to innovate in data-driven products that enable its clients to keep pace with the FX market but, more importantly, provide them with actionable insight that feeds into their liquidity-taking and -making operations.

To take its analytics functionalities to the next level, in 2023 the vendor appointed Steve Totten as director of quantitative analysis and, going forward, aims to further bolster artificial intelligence-assisted data insights to deliver intelligent performance technology solutions to its clients.

oneZero was named Best aggregator and Best FX analytics provider at the FX Markets Asia Awards 2024.

Sponsored content