oneZero CEO and Co-Founder Andrew Ralich highlights five key themes for 2025: innovation in pricing and execution in derivative products; differentiation in user experience to stand out with clients; retention of clients via education and empowering technology; adoption of AI-powered data analytics (but not from who you’d think!); and dedication to 24/7 service quality in an environment of unpredictable volatility.
2025 will see accelerated trading technology innovation that addresses a rapidly evolving set of challenges for market participants of all types, according to Andrew Ralich, CEO and Co-Founder of oneZero. Andrew outlines five crucial themes for 2025.
INNOVATION in pricing and execution
FX swaps account for more than half of all activity in the $7.5 trillion currency trading market – the biggest in the world. Swap trading has been slower in adopting innovative technology solutions than spot FX dealing, however. That is set to change in 2025.
Market participants such as regional banks must find ways to manage their FX swap pricing more effectively. There is a critical need for greater agility and accuracy in pricing to allow traders to react to changing market conditions in real-time by using tools and controls to identify outliers and opportunities across the swap curve.
oneZero intends to address this need in 2025 with solutions that give banks and brokers the tools to make their FX swap trading more efficient in a competitive, scalable and cost-effective way.
In 2024 we rolled out Portfolio risk management tools that revolutionized risk management with innovations that help clients segment their flows and hedge in smarter ways. 2025 will see similar oneZero innovation in swap trading and curve management.
Greater operational efficiency in FX swap pricing and execution, along with improved risk controls, will deliver major benefits for market participants in 2025, allowing them to focus on differentiating their own service provision.
DIFFERENTIATION to stand out with clients
New trading technology frameworks will enable banks and brokers to focus on delivering unique experiences to their own customers and differentiating their brands in a competitive market.
oneZero is committed to making a continuing investment in our technology solutions in 2025 to help our clients achieve their goal of competitive differentiation.
In November 2024, oneZero announced an investment from Golden Gate Capital, a San Francisco-based private equity firm, to complement the existing financial support from Lovell Minnick Partners.
During our process of choosing our next partner, we validated that there is exciting change in the air regarding how clients are looking to engage with their counterparties. Initiatives such as Open Banking standards discussed in the Executive Roundtable: Industry Trendsetters at FMLS show that clients are getting more sophisticated with respect to how they holistically view trading and risk management. They are pushing their sell-side relationships to provide unified solutions with modern UX to allow them to engage the market more efficiently.
RETENTION of clients’ customers via empowering technology
A key aspect of delivering sustainable profitability and growth is the use of technology to ensure client customer retention. 2025 is set to see an increased focus on educating and engaging end customers so that they feel empowered by the use of trading technology. New market entrants and pressures on client acquisition have created an emphasis on not just obtaining customers, but keeping them active and engaged.
In early 2025, oneZero will announce exciting new developments that leverage our extensive experience in providing scalable real-time solutions for trading, risk management, pricing and aggregation. The robust data and analytics framework that oneZero has built out over the past 15 years will play a key role in our clients’ ability to not only manage risk effectively but also improve their engagement with customers.
ADOPTION of AI-powered data analytics
Data analytics, including AI-powered tools, will play a growing role during 2025 in helping cross-asset trading market participants make better dealing and hedging decisions. A trend we are monitoring closely is a second stage in the AI adoption cycle. Technology consumers are no longer looking solely at AI built by “AI focused” providers. We are seeing scalable solutions for AI being rolled out in the platforms that drive businesses globally: Salesforce, Microsoft, Zoom, etc. are all bringing to market new solutions that leverage their core business and data scaling capabilities. oneZero has positioned itself to play a similar role in the capital markets.
In 2025, oneZero will further enhance our award-winning Data Source offering to help clients optimize their LP relationships and identify opportunities to service their end customers better. AI-powered analytics will provide deeper insights into trading patterns, reducing risk. New interactive tools to assess trading performance will be rolled out alongside analytics that will transform and power key elements of our clients’ businesses. It is clear that the use of data analytics to inform real-time decisions and grow engagement will be crucial for all market participants in 2025, and the key to analytics-driven success will be the quality of the underlying data. oneZero’s 15 years of experience serving trading markets, combined with data from over $250 billion ADV, 12 million transactions and 150 billion quotes per day, has uniquely positioned us to provide the tools and insights to drive more effective data analytics adoption.
DEDICATION to 24/7 service quality
2025 is set to be another year in which shifts in FX liquidity conditions put pressure on the quality of the operational support provided by technology suppliers. oneZero expects to see volatility across asset classes throughout the year, and remains committed to maintaining our unrivaled 24/7 service quality. We’ve dedicated significant effort over the last decade to bring multi-asset capabilities to our clients. 2025 will be a year in which casting a wide net over asset classes will reap benefits, but only to those clients who have scalable technology solutions that can keep up with diverse market volatility.
oneZero is a technology-first provider of trading market solutions, and operational efficacy is at the core of our mission. Throughout 2024, oneZero’s team members took pride in delivering uninterrupted client support for our multi-asset trading technology solutions, despite major challenges such as volatility leading up to the U.S. election and the shift to T+1 settlement for North American stocks and bonds. We expect 2025 to present further operational challenges, and we look forward to opportunities for us to demonstrate the value of our best-of-class, industry-leading and truly 24/7 global support.
