OneChronos is a cutting-edge Smart Market platform for US equities that utilizes combinatorial auctions and mathematical optimization to match counterparties beyond traditional price and quantity metrics. Designed primarily for institutional investors and their brokers, it enables "Expressive Bidding," allowing users to submit complex, parametric bids that represent combined orders across multiple securities with preferences and constraints. This approach addresses market frictions such as exposure risk, substitutability, and strategic bidding challenges inherent in classical auctions, aiming to unlock substantial efficiency gains and reduce annual market costs estimated in the trillions. The platform leverages advanced AI, deep learning, formal methods, and distributed systems to solve the computational challenges of clearing these auctions rapidly and securely, while complying with FINRA and SEC regulations. OneChronos operates as an Alternative Trading System (ATS), integrating with broker-dealers and offering a uniform clearing price auction with high transparency and auditability.
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