Broker-dealer trading technology provider oneZero has expanded its institutional product team with former executives from Bank of America, Thomson Reuters and FXall.
Indu Maheshwari has been appointed product manager, responsible for the development of oneZero’s over the counter (OTC) liquidity ecosystem.
She joins from futures and foreign exchange trading technology provider, Fluent Trade Technologies, where she was chief operating officer and head of Asia Pacific for nearly two years.
Prior to that, she spent nearly 18 years at Thomson Reuters, where she was most recently responsible for managing liquidity providers and buy-side clients as head of relationship management for FX transaction sales in Asia.
She also operated as head of post trade services, sales and trading for Asia, responsible for the launch of trade notification (RTNS) and business development for electronic trading, which included the launch of China Foreign Exchange Trade System (CFETS).
Alongside Maheshwari’s appointment, Kevin Verardi has been appointed as product designer, responsible for oneZero’s credit offerings and the Institutional Hub’s trading user interface.
He joins from Refinitiv’s FXall, acquired by the London Stock Exchange Group (LSEG) in January last year, where he had been responsible for its request for quote (RFQ) and request for stream (RFS) venues as a director in its buy-side relationship trading division.
He also notably spent 12 years at Bank of America, most recently responsible for heading up its foreign exchange prime brokerage product development including designing the FXPB user interface, and 10 years at Lehman Brothers where he held several roles including managing its FXPB global client service desk building up the multi-product desk from scratch.
“I am looking forward to progressing oneZero’s credit offerings and improving the trading user interface which enables users to organise their liquidity, execute trades, and manage their risk positions,” said Verardi.
Maheshwari and Verardi’s appointments follow significant investments by oneZero in its institutional business over the last year, which has seen the launch of analytics to help traders review the impact of ‘last look’ and a new Algorithmic Pricing Module, which both work alongside its Institutional Hub.
“We are delighted to welcome Indu and Kevin, whose knowledge will help to establish our products as we continue to break new ground with solutions for institutional clients and liquidity providers,” said Andrew Ralich, co-founder and chief executive of oneZero.