Rakuten Australia Announces oneZero as Distribution Partner for CFD Indices
Rakuten broker is using oneZero’s liquidity hub to provide the CFD indices to clients of its Australian subsidiary to deliver reliable connectivity.
Institutional and retail FX liquidity and technology solutions provider oneZero Financial Systems will be providing CFD indices through MetaTrader 4 to Rakuten Securities Australia’s customers.
The subsidiary of Japan-based online brokerage Rakuten Securities will gain access to the oneZero’s Liquidity Hub, which streams directly into the most popular front-end trading platforms and via API into custom-built front-ends. The hub enables brokers, prime of primes, and banks to centrally manage their risk and exposure while allowing them to build customized liquidity pools for foreign exchange, commodities, cryptocurrency, equities and futures markets.
Hiroaki Nagakura, Executive Officer FX Division Foreign Exchange Business Unit of Rakuten Securities, Inc., commented: “We are pleased to have oneZero as a distribution partner for CFD indices given their excellent relationships with major financial institutions and their reputation for stable connectivity and solid software implementation within Japan and abroad.”
Rakuten Securities Australia is using MetaTrader 4 as a White Label of Rakuten Securities, Inc.
Andrew Ralich, Chief Executive Officer of oneZero Financial Systems, said: “We are excited to have Rakuten Securities, Inc. connected with our EcoSystem of top-tier liquidity providers. Our institutional clients will benefit from this partnership by accessing CFD indices through a major international broker.”
In 2019, oneZero celebrates its 10th birthday. In the first four years of service, oneZero had 50 customers. It took only one year to double that figure, by 2015. The company continued to expand its solutions, including the Aggregation Engine, B2B Margin Hub, Liquidity Hub, and Full-Scale Matching Engine. By the end of 2018, the firm was serving 200 clients.
The oneZero Ecosystem includes leading names within the trading industry such as GMI UK, Alpha Capital Markets, AxiCorp, Broctagon Prime, CFH, CMC Markets, Go Markets, Invast Australia, IS Prime, JFD Prime, LMAX Exchange, Pepperstone, Sucden Financial, Swissquote, Tickmill, and TopFX.
In mid-2018, the company appointed Phil Weisberg, former Chief Executive Officer at FxAll as a strategic advisor. oneZero looks to benefit from his unique market insights as they leverage the core technology to support institutional market participants.
Reporting by Rick Steves. Filed 1 March 2019, 01:09 GMT.
Senior Reporter, Regulation and Fintech
Rick Steves has seen business and economics through many lenses. He joined the financial services industry in 2009, and has been a financial journalist since 2011.
