The following is a guest article by Stephen Totten, Managing Director – Head of Institutional and Quantitative Products at multi-asset technology solutions provider oneZero Financial Systems.
Forex traders can now avoid a binary choice of whether to buy or build technology solutions that optimize liquidity use and deliver smart performance, according to oneZero. Integrating new solutions with existing technology can provide a critical FX advantage.
2024 has been hailed as the year of ‘buy, build and consolidate’ for fintech by consultants Coalition Greenwich.
The old binary debate of whether to buy or build the ideal technology solution is officially over, according to Coalition Greenwich’s Top Market Structure Trends to Watch in 2024, as companies of all types look to combine off-the-shelf platforms with their own proprietary technology systems .
Consultants noted that customers enjoy greater control, flexibility and adaptability, combined with reduced development time and cost, by adopting a “buy, build and integrate” approach.
Coalition Greenwich added that “successful providers prioritize ease of use, scalability, customization, comprehensive training and high-quality support.”
At oneZero we couldn’t agree more. We also find that participants in the foreign exchange markets are among the main early beneficiaries of this important change.
oneZero has a 15-year track record of working with customers to deliver multi-component technology solutions that drive intelligent performance – including units with embedded analytics that work alongside existing legacy systems.
As a technology-first organization, we are an API company from the ground up and offer full integration with billing, front office and distribution channels, as well as internal credit and balance platforms, regulatory reporting and back office systems. In fact, the ability to quickly and efficiently integrate our solutions with existing services and multiple platforms is a major selling point for oneZero. We build our own interfaces, adapters and reporting system based on the same API framework we offer to customers.
Our modular platform architecture allows customers to choose the components that best suit their own needs and that seamlessly adapt via API to their own legacy systems.
This includes FX connectivity, where a single, unified API gives FX traders access to a myriad of OTC liquidity providers and listed venues. We cover FX spot, outrights and NDFs trading, with ultra-low latency cross-platform connectivity.
The Algorithmic Pricing Module, an advanced pricing tool, allows customers to introduce proprietary algorithms and native code within oneZero’s distributor. This protects the ‘secret sauce’ of the FX trading client – and provides an example of how ‘buy, build and integrate’ can work on multiple levels.
Of course, integrating and working with customers doesn’t just involve APIs or even advanced pricing tools. oneZero’s highly experienced Customer Success, Business Operations and Institutional Products teams are equipped and empowered to help our partners get the most out of our systems. Whether you’re using our industry-leading functionality or using the oneZero engine to differentiate your business, all of our customers are backed by 24/7 follow-the-sun customer support.
“Buy, build and integrate” is here to stay for FX traders and partnering with oneZero can help you take full advantage of this shift in providing technology solutions.