oneZero Financial Systems, LLC Acquires Capital Market Access Partners, LLC
CAMBRIDGE, Mass., April 29, 2013 /PRNewswire/ -- oneZero Financial Systems, LLC, a leading global provider of trade bridging and risk management software for the foreign currency and OTC derivatives markets, has announced it will be acquiring Capital Market Access Partners , LLC (CMAP). oneZero's order routing solutions are deployed at leading retail FX brokers in the United States, Europe, Asia, and Australia, including many of the brokers who also utilize CMAP for hosted platform and operational services.
The introduction of CMAP's infrastructure, personnel, and client base will allow oneZero to cater its software solutions to a wider range of brokerages, providing both on-site installation and SaaS-based hosted models for its risk management tools and routing technology. oneZero will be launching a new division—oneZero Hosted Services—with an array of new services ranging from the hosting of end-to-end retail FX broker solutions to remote cloud-based resource and health monitoring for a broker's entire e-trading topology.
Steve Leahy, president of CMAP, and other CMAP staff members, will be joining the oneZero team. "I'm excited to see how the combined strengths of oneZero and CMAP further enhance the leading offerings provided by both firms," says Leahy. "oneZero has done an excellent job scaling its order routing technology to the needs of the largest brokers in the industry and now has an opportunity to gain in-house expertise in delivering hosted solutions designed for firms looking for a managed setup. Both oneZero and CMAP clients will see immediate benefits from the united resources of the two firms."
Adding his thoughts on the new combined entity, Andrew Ralich, CEO of oneZero Financial says, "We have always seen CMAP as a great partner. Their industry knowledge, product expertise, and existing client base will provide an excellent complement to oneZero's legacy business. With the two entities combined, we will be able to provide more streamlined solutions and support to clients looking for hosted, managed technology. We have seen a growing trend over the last few years toward SaaS solutions for brokerages. Many of these solutions lack back-end flexibility to allow the broker to choose from a wide range of risk management and liquidity providers. CMAP, as a leader in this space, presented a clear opportunity for us to get a jump start on our new oneZero Hosted Services offerings."
About oneZero Financial Systems, LLC
Founded in February 2009, oneZero Financial has quickly grown to be a leading provider of trade routing and order management solutions for brokers offering foreign currency (Forex), commodity, and OTC derivatives trading to their clients. oneZero's technology is used at more than 50 brokerages, hedge funds, and money management firms worldwide to execute hundreds of billions in monthly transaction volume (USD).
SOURCE oneZero Financial Systems, LLC