OneZero Launches FX Swap Pricing Tech

OneZero has unveiled Swap Curve Manager, a solution designed to transform FX swap pricing for regional banks that have traditionally relied upon third-party-controlled systems.

Most systems on offer to regional banks limit trader control and have “significant” economic and technical barriers to entry – a challenge that Swap Curve Manager seeks to overcome.

OneZero says regional banks have typically managed FX and interest rate curves through external providers, importing them into e-FX platforms for price construction, tiering and markups before quotes reach customers. This process removed traders from direct control and constrained their ability to adapt to changing market conditions, it argues, adding that “costly” solutions also kept many banks from accessing advanced pricing tools, leaving them with simplified or reactive approaches.

Swap Curve Manager consolidates these workflows into a centralised platform that delivers real-time curve control, client-specific adjustments, and embedded analytics for decision support. It supports multiple data sources – including New Change FX Forwards365, reflecting the first overt results of the two firms’ collaboration announced earlier this year – enabling granular management of tiers, skews, and volume rungs.

The firm says traders can respond faster to market shifts, spot anomalies, and capture opportunities, while reducing reliance on spreadsheets and fragmented vendor tools. Visualisations track curve evolution, market supply and demand, and client trading flows, giving banks actionable insight into risk and performance. The standalone system can be integrated with a bank’s existing pricing engine, via OneZero’s range of APIs, or integrates “off the shelf” with OneZero’s existing Hub product.

“We have listened to the needs of regional banks, who have long been at a disadvantage in FX swap pricing,” says Andrew Ralich, CEO and co-founder of OneZero. “With our new Swap Curve Manager, we are increasing transparency, lowering costs and putting advanced swap pricing tools directly into the hands of traders.”