Breaking: oneZero Gets Significant Funding from US PE Firm & Phil Weisberg
- US private equity firm Lovell Minnick and the founder of FXall Phil Weisberg take minority stakes
Private equity firm Lovell Minnick Partners and the founder and former CEO of FXall Phil Weisberg have just announced the conclusion of a significant investment into one of the leading technology providers in the industry, oneZero.
The parties have not shared the full financial terms of the agreement. Lovell Minnick and Weisberg are taking a minority stake. "This investment is a great validation for our confidence and our investor's confidence in the space as a whole," commented to Finance Magnates the CEO of oneZero, Andrew Ralich.
The news comes amid an increasingly competitive market for technology providers in the retail space. With its leading position in the retail sector, oneZero is also planning to expand into the institutional market.
“Phil and LMP bring extensive experience and connections in the institutional space, which will certainly be an area of focus for the business moving forward. This being said, we remain very confident about the future of our role as the leader in Retail FX technology and intend to continue to invest in the development of that important part of our business,” Ralich explained.
M&A Opportunities
While the market for technology providers continues to evolve, the deal with Lovell Minnick and Weisberg is providing new opportunities for oneZero. Ralich elaborated to Finance Magnates that aside from having at its disposal significant resources to accelerate its Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term and institutional expansion, oneZero will also be equipped to look for M&A deals in a way it has never done before.
The investment marks the ten year anniversary of oneZero which was founded in 2009 and is headquartered in Cambridge, MA. The firm serves a network of over 200 global retail and institutional broker-dealers, which execute over $100 billion in average daily trading volume on over 6 million executed transactions per day.
New Horizons
After serving as Senior Advisor to oneZero for about a year, the founder and ex-CEO of FXall, Phil Weisberg is going to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term his expertise in the institutional space alongside the team from Lovell Minnick Partners.
After FXall got acquired by Thomson Reuters, Weisberg went on to establish his own consulting and advisory service, Matzliach Capital. “We believe there is an enormous greenfield opportunity for oneZero's further expansion into the global institutional market as regulatory requirements across Europe and globally continue to evolve and create demand for versatile, robust and cost-efficient technology solutions," the founder of FXall said.
“The convergence of the retail and institutional FX markets is rapidly increasing as global market participants seek sophisticated, highly-scalable trading solutions and reliable IT infrastructure with ultra-low latency, unparalleled pricing data, and high transactional capacity," said Steve Pierson, Managing Partner, Lovell Minnick Partners.
Broadhaven Capital Partners served as exclusive financial advisor to oneZero, while Gunderson Dettmer served as a legal advisor to the Company. Morgan Lewis served as counsel to Lovell Minnick.
Private equity firm Lovell Minnick Partners and the founder and former CEO of FXall Phil Weisberg have just announced the conclusion of a significant investment into one of the leading technology providers in the industry, oneZero.
The parties have not shared the full financial terms of the agreement. Lovell Minnick and Weisberg are taking a minority stake. "This investment is a great validation for our confidence and our investor's confidence in the space as a whole," commented to Finance Magnates the CEO of oneZero, Andrew Ralich.
The news comes amid an increasingly competitive market for technology providers in the retail space. With its leading position in the retail sector, oneZero is also planning to expand into the institutional market.
“Phil and LMP bring extensive experience and connections in the institutional space, which will certainly be an area of focus for the business moving forward. This being said, we remain very confident about the future of our role as the leader in Retail FX technology and intend to continue to invest in the development of that important part of our business,” Ralich explained.
M&A Opportunities
While the market for technology providers continues to evolve, the deal with Lovell Minnick and Weisberg is providing new opportunities for oneZero. Ralich elaborated to Finance Magnates that aside from having at its disposal significant resources to accelerate its Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term and institutional expansion, oneZero will also be equipped to look for M&A deals in a way it has never done before.
The investment marks the ten year anniversary of oneZero which was founded in 2009 and is headquartered in Cambridge, MA. The firm serves a network of over 200 global retail and institutional broker-dealers, which execute over $100 billion in average daily trading volume on over 6 million executed transactions per day.
New Horizons
After serving as Senior Advisor to oneZero for about a year, the founder and ex-CEO of FXall, Phil Weisberg is going to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term his expertise in the institutional space alongside the team from Lovell Minnick Partners.
After FXall got acquired by Thomson Reuters, Weisberg went on to establish his own consulting and advisory service, Matzliach Capital. “We believe there is an enormous greenfield opportunity for oneZero's further expansion into the global institutional market as regulatory requirements across Europe and globally continue to evolve and create demand for versatile, robust and cost-efficient technology solutions," the founder of FXall said.
“The convergence of the retail and institutional FX markets is rapidly increasing as global market participants seek sophisticated, highly-scalable trading solutions and reliable IT infrastructure with ultra-low latency, unparalleled pricing data, and high transactional capacity," said Steve Pierson, Managing Partner, Lovell Minnick Partners.
Broadhaven Capital Partners served as exclusive financial advisor to oneZero, while Gunderson Dettmer served as a legal advisor to the Company. Morgan Lewis served as counsel to Lovell Minnick.