Asia Awards 2024: Best analytics solution—oneZero

Product: oneZero Data Source


oneZero was able to help its Asia-based clients improve their decision-making in 2023 by delivering AI-driven analytics solution upgrades to functionality backed by FX datasets. oneZero’s Data Source offering is a cloud-based intelligence toolkit designed to capture trade data and transform it into insights that help clients understand their client flow, associated hedges, and the relationships they have with their liquidity providers.

Effective analytics solutions rely on robust, uniform datasets to be properly trained and modeled. oneZero has been developing our robust time-series data model since 2019. In 2023, we moved 4TB [of data] a day on average into our cloud analytics platform, which allowed us to deliver amazing AI-based insights that elevate our analytics services for clients. Recognition from WatersTechnology validates our efforts in this space 

Alex Neo, Sydney-based global chief commercial officer, oneZero

The solution  

oneZero’s analytics solution toolkit was deployed in 2023 to deliver tangible, actionable results to its Asia-based clients. AI technology was used to analyze client flow, allowing significantly more scalable and efficient understanding of clients’ trading styles and preferences, with the ability to identify changes rapidly and to segment the information in a number of ways, ensuring that they are priced and risk-managed optimally.

Secret sauce  

With 4TB of data moved to cloud storage each day and a 15-year track record of data collection and management, oneZero delivered analytics solution benefits to clients during 2023, a year characterized by significant AI hype. oneZero’s maker pool replay function, designed to identify alternative liquidity pools, is one such recent innovation the firm has developed.

Recent milestones

  • oneZero improved the analytics solution functions, including client classification analysis, top-of-book maker comparison, and maker pool replay, and the ability to visualize every quote at the tick level.
  • Stephen Totten, formerly head of e-FX at Unicredit, joined oneZero as director of quantitative analysis to develop new analytics tools. The firm’s global institutional and retail sales teams were also merged.
  • Risk management framework capabilities were upgraded, including segregation of risk by instrument or asset class using portfolios.

Future objectives

AI-assisted data analytics are at the forefront of oneZero’s plans as it focuses on providing opportunities for data to drive improved client decision-making and deliver intelligent performance. Systematic hedging tools for oneZero’s clients will be upgraded to further boost FX risk management. Further expansion is planned across the Asia region, including Japan.

Why they won

oneZero makes its first appearance in the winners’ circle of the WatersTechnology Asia Awards on the back of its win in a category that featured no fewer than 13 high-quality entries, the most of all 34 categories on offer. Possessing large volumes of high-quality data guarantees firms nothing. The real value lies in their ability to interrogate that data and by so doing identify hidden trends and signals within it with the view to shaping trading and investment decisions, which is what oneZero has cracked thanks to its outstanding oneZero Data Source “intelligence toolkit.” 

Essentially, oneZero takes care of all the heavy lifting around the cloud-based storage and normalization of clients’ quote and trade data, allowing them to analyze it via oneZero’s analytics platform to better understand their own clients’ order flow, associated hedges and the relationships they hold with their liquidity providers. As with most things in the financial services industry, the premise is relatively simple, but the execution is fiendishly difficult to get right. Congratulations, oneZero.

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