oneZero Prepares to Unveil Next-Gen Trading Tools in 2024, CEO Announces

<p>The
financial technology provider oneZero has announced plans to release several
major upgrades to its trading platforms in 2024. The improvements will give clients real-time visibility into their market exposure and portfolios to
help optimize profitability amid shifting conditions. </p><p>According
to the company's CEO, Andrew Ralich, this is one of the four main themes of next year's development. Alongside this, he also mentioned the
development of artificial intelligence (AI) tools for foreign exchange (FX)
data, the need to extract value from flow, and the transition in North American
settlement to a T+1 basis.</p><p>oneZero Announces Major
Platform Upgrades for 2024</p><p>"Next
year, we will roll out a series of product enhancements that give our clients a
live view of their positions across assets," said Ralich. "These new
tools will be vital as firms continue adopting strategies to boost performance
regardless of market volatility or changes in liquidity."</p><p>oneZero
will focus its 2024 development roadmap on enhancing profit and loss tracking
functionality through integrated analytics. The move aligns with the growing demand
among regional banks, brokers, and other trading institutions to <a href="https://www.financemagnates.com/terms/l/leverage/">leverage</a>
advanced data and algorithms alongside existing systems.</p><p>"Technology
is key to bank and broker outperformance nowadays," Ralich explained.
"By delivering intelligent solutions tailored to our clients' needs, we
empower them to increase revenue through superior pricing, risk management and
actionable insights."</p><p>Additionally,
oneZero plans to expand its use of AI to spot inefficiencies and opportunities
in immense data sets. The company currently deploys AI for transaction analysis, hedging recommendations, and loss avoidance tasks.</p><p>These are
further changes following the announcement in November <a href="https://www.financemagnates.com/executives/onezero-merges-institutional-and-retail-teams-in-leadership-change/" target="_blank" rel="follow">of the merger</a> of
institutional and retail teams and changes in leadership. Earlier, oneZero also
<a href="https://www.financemagnates.com/executives/onezero-shakes-up-sales-team-with-new-director/" target="_blank" rel="follow">changed its sales team </a>by hiring a new head. In a separate move, after
seven years, the Director of Business Development <a href="https://www.financemagnates.com/institutional-forex/onezeros-director-of-business-development-announces-departure-after-7-years/" target="_blank" rel="follow">left the company</a>.</p><blockquote><p lang="en" dir="ltr">oneZero’s CEO and co-founder Andrew Ralich highlights four key themes for 2024: better technology for banks; data quality for AI; more value from flow, and trusted 24/7 service. <a href="https://t.co/svAgqkM3R1">https://t.co/svAgqkM3R1</a> <a href="https://t.co/0ZI2SfYFzl">pic.twitter.com/0ZI2SfYFzl</a></p>— oneZero Financial Systems (@oneZeroFS) <a href="https://twitter.com/oneZeroFS/status/1734892222481354976?ref_src=twsrc%5Etfw">December 13, 2023</a></blockquote><p>Extracting Value from Flow</p><p>In addition
to new products, the CEO of OneZero stressed the need for the FX trading
community to increase the value extracted from flow in 2024.</p><p>"We
will be talking to clients in the coming months about systematic hedging and we
have also developed a product to help operate a proprietary trading business
alongside a brokerage," said Ralich. </p><p>oneZero
offers various AI-powered tools, like Maker Pool Replay, to assist clients in
evaluating methods to derive more value from flow next year. Additionally, introducing oneZero's Portfolios system will give real-time insight into
the profit and loss impact of different risk strategies.</p><p>With the
platform improvements slated for next year, oneZero aims to equip clients to
extract maximum value from market flows and operate seamlessly during vital
trading hours. The news comes as the industry prepares for <a href="https://www.financemagnates.com/institutional-forex/90-of-market-participants-see-elevated-risk-in-moving-to-t1-settlements/" target="_blank" rel="follow">major US settlement
changes</a> that could strain liquidity in 2024.</p><p>2024 Will Bring Changes in
FX Liquidity Conditions</p><p>The change
will take place at the end of May 2024 and, while it primarily concerns the
stock and bond market, it will also directly impact FX traders. The
majority of transactions in this market will continue to settle on a T+2 basis.
<a href="https://www.financemagnates.com/institutional-forex/t1-cycle-exposes-market-to-fx-settlement-risks/" target="_blank" rel="follow">This will pose new challenges</a> for holders of US stocks and bonds outside
the United States, who will need to settle their transactions on a timely basis
and manage the resulting FX exposure.</p><p>“After
meeting clients around the world, I worry that the shift to T+1 securities
<a href="https://www.financemagnates.com/terms/s/settlement/">settlement</a> could create FX market strains next year if traders don’t take steps
now to ensure they have the right technology solutions in place,” Andrew
explained.</p><p>There will
be a mismatch. Securities will settle faster, but FX trades related to those
securities would still be on a T+2 basis. This means anyone outside the US
needing to settle US stock or bond transactions will have an extra day of
currency risk before their FX hedge settles. As Andrew notes, it will be
logical for them to hedge as late as possible, right before the US market close.</p><p>The problem
is that FX liquidity tends to be poor towards the US close. So, there could be
major strains in getting timely FX hedges in place to align with the new T+1
stock and bond settlement timeline.</p>

This article was written by Damian Chmiel at www.financemagnates.com.