Citadel Securities, one of the largest market makers in FX, stocks, and derivatives, and technology provider oneZero Financial have announced an extension of their partnership. Citadel Securities has deployed FX pricing to oneZero’s data center hosted in Equinix TY3, which is the third joint location for the firms after the partnership started in New York.
The move expands the reach of Citadel Securities’ distribution network and makes its liquidity available to a broader set of accredited financial entities located in the APAC region. It also comes barely two years after it originally joined oneZero’s EcoSystem and secured a presence in its NY4, LD4 data centers.
While New York, Tokyo, and London often stand out as the leading global financial centers, with more than half of the worldwide currency trading occurring through the three capitals, the latency decrease, even in milliseconds, should speed up the execution and give FX traders the edge to maximize the number of trades processed on the ultra low latency network.
“Expanding our partnership with oneZero aligns with our commitment to serving the liquidity needs of the retail FX broker community, particularly in APAC. We look forward to providing even more FX liquidity to oneZero’s global client base as a result of this milestone,” said Kevin Kimmel, Global Head of eFX at Citadel Securities.
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oneZero adds more partners after upgrading liquidity hub
Citadel Securities will also increase its benefit from connecting to oneZero’s EcoSystem, which encompasses over 200 participants, including banks, brokerages, and various hedge funds. Since all members use oneZero’s proprietary software, all of them will have access to both DMA and warehouse liquidity at a lower rate.
oneZero provides an automated solution for market connectivity and price distribution, which helps streamline Citadel Securities’ offering of its multi-asset liquidity feed to a greater pool of exchanges, brokers, and banks.
oneZero has already been highly active in recent months with multiple initiatives and several additions to oneZero EcoSystem, which offers multi-asset liquidity in one B2B feed and a diverse list of assets for users to select. The company has also upgraded its Liquidity Hub to the release 8.0, which presents new features geared toward improving the capabilities offered by the platform to institutional and B2B clients.
Commenting on adding Citadel Securities, Andrew Ralich, CEO of oneZero Financial Systems, said, “We are excited to expand our partnership with Citadel Securities as they grow in new regions. oneZero’s EcoSystem will help them distribute liquidity to the world’s largest network of downstream brokers.”