oneZero network of over 200 global retail and institutional broker-dealers conducts over $100 billion in ADV on over 6 million executed transactions per day. Financial terms of Lovell Minnick Partners’s significant minority investment in oneZero Financial Systems were not disclosed.
The funding round was joined by oneZero’s Senior Advisor Phil Weisberg, who is the founder of Matzliach Capital and former CEO/Founder of FXall, later acquired by Thomson Reuters.
Phil Weisberg, Founder at Matzliach Capital and Senior Advisor at oneZero, said: “We believe there is an enormous greenfield opportunity for oneZero 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.”
oneZero provides FX and multi-asset class liquidity, distribution, business intelligence, and risk management solutions to the retail brokerage and institutional marketplace, including hedge funds, prime brokers and global banks. The firm offers hosted and SaaS-based solutions that enable clients to aggregate, route and manage their risk exposures through Liquidity Hub, access broader liquidity distribution through oneZero’s EcoSystem and gain business intelligence insights through Data Source.
Steve Pierson, Managing Partner, Lovell Minnick Partners, commented: “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. oneZero continues to develop next-generation wholesale technology and business intelligence solutions for market participants with unmatched speed, efficiency and risk management support.”
Andrew Ralich, Co-Founder and Chief Executive Officer of oneZero, said: “We are excited to build upon our strong foundation as a leading technology solutions provider to both the retail and institutional brokerage FX markets as we expand our multi-asset class trading, technology, and data solutions to serve more market participants around the world. We look forward to partnering with the deeply experienced team at Lovell Minnick and tapping their institutional capital markets expertise to accelerate oneZero’s growth.”
Lovell Minnick Partners provides developing companies with equity capital to support recapitalizations, execute majority buyouts, and pursue growth initiatives. It has raised $3.2 billion in committed capital and has completed investments in over 50 platform companies since being founded in 1999.
