Launch HN: OneChronos (YC S16) – Combinatorial auctions market for US equities

Re:Launch HN: OneChronos (YC S16) – Combinatorial auctions m... by monkeydust on Tuesday February 08, 2022 @03:53AM (#30256209)

Thanks. It is worth noting a lot of traditional OTC products since 2008 crisis have moved to either electronic (exchange, ATS, MTF etc) with CLOB/RFQ/Auction style of execution and in some causes that's coupled with central clearing. A lot of this has come from regulation - DoddFrank, MiFID2 and its still on-going.

The most interesting aspect of this is that its enabled non-dealer <> non-dealer trading via certain venues.

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Re:Launch HN: OneChronos (YC S16) – Combinatorial auctions m... by lpage on Tuesday February 08, 2022 @07:26AM (#30257620)

This is a significant tailwind for the next wave of electronification that we're hoping to advance. US swap dealers, for example, now have a SEF reporting requirement, but most of the pre-trade is still in the screens. A Smart Market that allows dealers to control for non-price factors could change that.

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