Multi-asset enterprise trading technology provider oneZero has partnered with New Change FX to integrate its benchmark data feeds in a bid to boost its client trading performance.
New Change FX’s feeds will be incorporated into oneZero’s suite of analytics in Data Source, adding a new stream of independent FX reference data.
From now, clients will have the option to enhance trading performance by leveraging the New Change FX reference data in reporting.
Paul Lambert, chief executive of New Change FX, explained: “oneZero provides clients with extremely powerful analytics via Data Source Insights, and the addition of New Change FX’s benchmark data takes that to a new level.
“FX analytics are proving increasingly important for liquidity management and at New Change FX we share oneZero’s view that independent data is key to objective price measurement and improved trading outcomes.”
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New Change FX has been authorized by the Financial Conduct Authority FCA) as a benchmark administrator since 2018.
Andrew Ralich, chief executive and co-founder of oneZero, said: “Today’s integration with New Change FX exemplifies how our adaptable data framework further enables clients to seamlessly access value-added services within our network of data partners. We are committed to continuing to build in new capabilities alongside the industry leading data and analytics capabilities that have been developed within oneZero’s Data Source product.”
Last December, oneZero added Cboe FX and State Street to its network of liquidity providers and venues. As part of the move, the two firms were granted 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.