oneZero has announced two major additions to the vast network of liquidity providers and venues within its EcoSystem, namely Cboe FX and State Street. Each of the firms now have access to the over 200 FX brokerages in the oneZero network that make over 10 million transactions and 150 billion quotes per day across retail and institutional FX markets. 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. State Street will utilize both shared and tailored streams via direct relationships with their 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.
Phil Weisberg, EVP of Strategic Planning and Partnerships at oneZero, said: “At oneZero, we believe in liquidity optimization. We facilitate improvements in brokers’ liquidity supply chain which result in better flow for liquidity providers and better relationship management between brokers and LPs. We have invested heavily into our institutional product function, and we are delighted that Cboe FX and State Street will see the benefits of this.”
