Jefferies Group (Jefferies), an investment banking firm, announced on Tuesday that it has partnered with oneZero. The new partnership between the two firms will see the investment bank joining oneZero’s liquidity EcoSystem.
“We are excited to join the oneZero community,” said Brandon Mulvihill, Global Head of FX Prime Brokerage at Jefferies. “This partnership unlocks institutional liquidity directly to brokers within oneZero’s EcoSystem, creating a direct to source offering.”
Once a bridge provider to the retail trading industry, oneZero has branched out considerably since it was founded in 2009. Now the firm provides risk and liquidity management tools as well as MetaTrader add-ons and direct market access solutions.
Its EcoSystem has over 200 hundred members, with CMC Markets, CFH Clearing, and ADMIS Inc all joining in the past few months. As a member of the EcoSystem, Jefferies will be able to distribute its liquidity to an array of different retail brokers.
“Jefferies joining our EcoSystem is great news for our existing users, [the company] has been a leading financial services company for over 55 years,” said oneZero’s CEO Andrew Ralich. “Their participation gives our customers new access to liquidity and clearing from a top-tier investment banking firm.”
The deal also sees Jefferies eFX, the firm’s electronic client trading platform, joining the EcoSystem, with FX market making in more than fifty instruments.
“Over the last year, Jefferies has taken considerable measures to boost the firm’s eFX capabilities and scale to better improve our client offering,” said Jefferies’ Global Head of Foreign Exchange, Brad Bechtel. “We are thrilled to join oneZero’s EcoSystem to distribute our prices to global brokers.”