oneZero Financial Systems, a provider of institutional and retail foreign exchange (forex) liquidity and technology solutions, announced this Friday that it has teamed up with Global Market Index Limited, more commonly referred to by its trading name GMI UK.
Under the agreement, GMI UK, a provider of online leveraged forex trading, will join oneZero’s Ecosystem to distribute forex, cryptocurrency, and contracts for difference (CFD) liquidity to oneZero’s network.
oneZero’s Ecosystem encompasses over 200 participants, including banks, brokerages, and various hedge funds. It is the largest global network of multi-asset class liquidity. Since all members use oneZero’s proprietary software, they will all have access to GMI UK’s liquidity.
Commenting on the new partnership, Andrew Ralich, the Chief Executive Officer (CEO) of oneZero Financial Systems said: “The addition of GMI UK to oneZero’s EcoSystem expands our global institutional client base. We are happy to integrate their API into our distribution network, so EcoSystem takers can have access to a new source for FX, CFD and cryptocurrency trading.”
GMI joins oneZero’s growing network
GMI UK joins the likes of GO Markets, an Australian forex and CFD broker, Jefferies Group, WOW TRADER, Tradesmarter’s proprietary B2B platform for CFD trading, and CFH Clearing, to name a few, who are all part of oneZero’s network.
“We are excited to distribute liquidity to oneZero’s large network of retail brokers, asset managers and hedge funds as an EcoSystem partner,” added Chis Hossain, Global Head of Institutional Sales – eFX & CFDs at Global Market Index.
The news of GMI’s partnership with oneZero comes only two days after the company announced that it had appointed Iain Rogers as its Chief Operating Officer, as FortuneZ reported. Prior to GMI, he was the director of Pepperstone for around two years and was overseeing the Australia-headquartered firm’s business wings in the UK and German market.