Clients gain access to additional robust,
independent FX reference data within oneZero's Data Source
BOSTON, April 18, 2024 /PRNewswire/ -- oneZero, a global
leader in multi-asset enterprise trading technology solutions,
today announced the integration of New Change FX benchmark data
feeds into oneZero's suite of analytics in Data Source. The
addition of this new stream of high quality, independent FX
reference data will enable clients to further enhance their trading
performance, by providing the option for clients to utilize the New
Change FX reference data in reporting.
New Change FX is a leading provider of continuous, officially
regulated benchmark FX rates that are constructed by aggregating
data from the entire global market. New Change FX is independent of
liquidity providers and venues and has been authorized since 2018
as a benchmark administrator by the UK's Financial Conduct
Authority.
Andrew Ralich, CEO and Co-Founder
of oneZero, commented: "As a technology provider committed to
market neutrality, our primary goal is to empower clients with
transparency throughout the entire trade lifecycle. Since 2009, we
have advanced our position as an industry leader by establishing a
liquidity-neutral EcoSystem for our clients. Today's integration
with New Change FX exemplifies how our adaptable data framework
further enables clients to seamlessly access value-added services
within our network of data partners. We are committed to continuing
to build in new capabilities alongside the industry leading data
and analytics capabilities that have been developed within
oneZero's Data Source product."
Paul Lambert, CEO, New Change FX
commented: "oneZero provides clients with extremely powerful
analytics via Data Source Insights, and the addition of New Change
FX's benchmark data takes that to a new level. FX analytics are
proving increasingly important for liquidity management and at New
Change FX we share oneZero's view that independent data is key to
objective price measurement and improved trading outcomes."
About oneZero
oneZero Financial Systems has been a leading innovator in
multi-asset class enterprise trading technology for over a decade.
Its powerful software encompasses the Hub, EcoSystem and Data
Source - three components that together provide a complete solution
for execution, distribution and analytics. Through reliable
connectivity, technology, infrastructure and market access, oneZero
empowers financial institutions and brokers to compete effectively
in the global financial markets through a globally compliant,
liquidity-neutral solution. oneZero is certified to the standards
of ISO 27001 information security management systems, and has
development and operations centers in Asia, Australia, Europe and North
America.
For more information, please contact:
Talia Geberovich
Head of Marketing and Communications
tgeberovich@onezero.com
About New Change FX
New Change FX is an independent company dedicated to the
measurement of foreign exchange pricing to deliver transparency and
eliminate costs. New Change FX calculates independent benchmark
rates which are published in real-time and used to support live
trading processes. NCFX do not offer market access, trading or
brokerage services and therefore users cannot directly influence
the NCFX Benchmark calculation process.
To find out more please visit www.newchangefx.com.
The EU Benchmark Regulation ((EU) 2016/1011 of the European
Parliament and the Council of 8 June
2016, "BMR") came into effect on 1
January 2018 and introduces a common framework to ensure the
accuracy and integrity of indices used as benchmarks in financial
instruments and financial contracts or to measure the performance
of investment funds.
On 27 February 2018, HM Treasury in
the UK passed into legislation the Financial Services and Markets
Act 2000 (Benchmarks) Regulations 2018, thereby fully adopting the
BMR.
In 2018, NCFX was granted permission by the Financial Conduct
Authority (FCA) in the UK under Part 4A of the Financial Services
and Markets Act 2000 to carry on the regulated activity of
administering a benchmark.
In accordance with Article 27 of the BMR, NCFX provides
benchmark statements for its families of benchmarks.
NCFX can be found on the FCA financial services register with
firm reference number 793983. The FCA is the sole regulatory
supervisor for NCFX.
For more information, please contact:
Kinga Broel-Plater
Chief Commercial Officer
E-mail: kinga.broel-plater@newchangefx.com
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