Binance’s VIP & Institutional unit today announced a partnership with oneZero Financial Systems, a global multi-asset class software and infrastructure provider for institutional and retail brokers.
The partnership will enable oneZero’s clients to gain access to Binance’s liquidity in spot, margin, and futures markets. It also opens up the world’s largest crypto hub to financial brokers and digital asset exchanges on the oneZero network. The integration will allow these platforms to address significant demand among institutional clients for exposure to the major cryptocurrencies against fiat currencies.
This alliance also enables institutional clients to deliver pricing and trading over MetaTrader 4 and 5 servers alongside cross-connections to other bridges globally. However, this service is only available to clients of both Binance Institutional (VIP 1 and above) and oneZero.
Just a few months ago, oneZero announced a series of fresh updates to its Liquidity Hub, which presented new features geared toward improving the capabilities offered by the platform to institutional and B2B clients.
In particular, oneZero rolled out new multi-asset capabilities to its product which provide a means for broker-dealers and market makers to optimize their liquidity and client pricing. The new upgrades improve the user experience and expand control functions for their clients operating in the institutional and retail FX, commodities and futures markets.
oneZero has already been highly active withmultiple initiativesand several developments that have dominated headlines over the past few months. Recently, it introduced a new analytics tool that provides a glimpse into the use of one of FX market’s most common, and potentially abusive, practices.
The ‘last look’ allows market makers get a final opportunity lasting a few milliseconds to reject an order after a client commits to a trade at a quoted price.
The data-driven approach calculates the estimated economic impact of trades rejected in a last look protocol, effectively creating a framework where sustainable relationships can be identified more easily.
The level of FX counterparties using the ‘last look’ method has fallen since the introduction of the Global FX Code of Conduct. Most recently, the independent committee indicated that liquidity providers and platforms shouldn’t undertake any trading activity that uses information from a client’s trade request during the last look window.
