Cboe FX and State Street Join oneZero’s EcoSystem

Multi-asset enterprise trading technology provider oneZero has added Cboe FX and State Street to its network of liquidity providers and venues according to a story in The Trade news. As part of the move, the two firms will have access to more than 200 FX brokerages in the oneZero network which make over 10 million transaction and 150 billion quotes per day across retail and institutional FX markets. Originally launched in 2019, oneZero’s Institutional Hub has experienced rapid adoption from institutional brokers and banks looking to replace legacy systems. Cboe FX, which benefits from an independent, transparent market structure, will leverage custom liquidity pools to address participants’ execution criteria, with configurable firm and non-firm streaming quotes for specific liquidity needs. Elsewhere, State Street will utilize shared as well as tailored streams, through direct relationships with their liquidity consumers. According to oneZero, State Street will be able to send clients a customized 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.