OneChronos

OneChronos is an equities alternative trading system (ATS) that uses technologies such as AI and mathematical optimization to match trade orders in periodic auctions. The company's "Smart Market Technology" aims to bridge the gap between how traditional trading venues match orders and how traders need to execute.

OneChronos' auctions seek optimal matches across all orders, taking into account constraints, rather than matching orders one-by-one based on speed. This is achieved through "expressive bidding," which allows users to set specific execution instructions tailored to their objectives. The company claims that its platform aims to conduct an average of 10 auctions per second throughout the trading day, with randomized start times to mitigate predatory trading strategies.

In June 2022, OneChronos went live with around 20 broker subscribers, including major banks and algorithmic trading providers. The ATS has physically connected with the New York Stock Exchange (NYSE), allowing firms connected to the exchange to easily access OneChronos through existing infrastructure. 

As of October 2023, the company said it had facilitated over USD 60 billion in institutional securities transactions since launching its platform in Q3 2022. 

Key customers and partnerships 

In May 2023, OneChronos outsourced its infrastructure to Beeks Group, leveraging its high-performance compute capabilities, flexible architecture, and cloud solutions to enhance product development and provide differentiated execution for its members.