oneZero, a financial services technology provider, announced on Tuesday the launch of the Algorithmic Pricing Module, its proprietary price creation tool. It uses brokers’ own data constructs and algorithms for the formation of customized pricing for each recipient.
The proprietary tool is an addition to the broker’s previously offered third-party price creation tool.
oneZero’s Algorithmic Pricing Module came when the company is expanding its offerings for its institutional client base. The announcement detailed that the new module offers a coding interface, which feeds data directly to its Institutional Hub.
Additionally, oneZero clients can gain greater control of the elements by inserting their native codes and constructing price-algorithms that run in real-time. Moreover, the company highlighted that the module will not expose brokers’ proprietary processes.
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“The initial response to this module has been staggering,” oneZero Chief Executive, Andrew Ralich said in a statement. “Clients are already developing applications previously not thought possible, including the construction of new and innovative derivative product offerings whose prices can be perfectly calibrated for the intended end user.”
Retail to Institutions
Founded in 2009, oneZero is easing the technological requirements of the institutions, offering many aggregator services. It caters to over 200 clients under its multi-asset class liquidity distribution channel.
Though the company’s services were initially focused on the retail brokers, it tapped the institutional players with the recent launch of its Institutional Hub and is now expanding services.
“For institutional clients, enabling protection of their unique ‘secret sauce’ and providing the ability for the customer to make real-time changes to their pricing strategy to be responsive to market dynamics was something oneZero was keen to offer,” Ralich said.