Lovell Minnick Partners (LMP), a private equity firm focused on investments in the global financial services industry, including related technology and business services companies, announced that it has completed a significant minority investment in software and technology solutions provider oneZero Financial Systems.
LeapRate reminds that just a week ago, oneZero Financial Systems released Liquidity Hub 8.0, which features an enhanced design to give clients additional tools and flexibility.
The convergence of the retail and institutional FX markets is rapidly increasing as global market participants seek sophisticated, highly-scalable trading solutions and reliable IT infrastructure with ultra-low latency, unparalleled pricing data and high transactional capacity,” said Steve Pierson, Managing Partner, Lovell Minnick Partners. “oneZero continues to develop next-generation wholesale technology and business intelligence solutions for market participants with unmatched speed, efficiency and risk management support.
Andrew Ralich
We are excited to build upon our strong foundation as a leading technology solutions provider to both the retail and institutional brokerage FX markets as we expand our multi-asset class trading, technology and data solutions to serve more market participants around the world,” said Andrew Ralich, Co-Founder and Chief Executive Officer of oneZero. “We look forward to partnering with the deeply experienced team at Lovell Minnick and tapping their institutional capital markets expertise to accelerate oneZero’s growth.
Lovell Minnick is joined in this investment by Phil Weisberg, institutional foreign exchange executive veteran and founder of Matzliach Capital who has served as Senior Advisor to oneZero since June 2018.
Weisberg commented on the news:
We believe there is an enormous greenfield opportunity for oneZero’s further expansion into the global institutional market as regulatory requirements across Europe and globally continue to evolve and create demand for versatile, robust and cost-efficient technology solutions.