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OneChronos Secures $32M to Expand Smart Market Technology
Slice of Finance Team
22 Nov
Key Highlights:
OneChronos raises $32 million in expansion capital, led by Addition, to bolster market growth.
Its flagship platform, OneChronos ATS, averages over $4.5 billion in daily trading volume in November.
The funding will drive expansion into new asset classes, geographies, and beyond traditional capital markets.
Unique combinatorial auction technology optimizes trade execution quality at the speed of capital markets.
OneChronos has facilitated over $500 billion in transactions since 2022, with exponential volume growth.
Source: Business Wire
Notable Quotes:
“This funding validates our team's progress in traditional capital markets and will help us achieve our vision of leveraging advances in market design and AI to find trade efficiencies that grow the global economy.”
“OneChronos has shown remarkable growth in traditional capital markets, and with this additional funding, we believe the company will be able to expand into new markets where significant value can be generated.”
Our Take:
OneChronos' combinatorial auction-based Smart Market technology is transforming financial markets by optimizing trade quality and efficiency. This recent $32 million investment underscores the company’s exceptional growth trajectory and the scalability of its platform. With a proven track record in U.S. equities and a bold vision to explore new asset classes and markets, OneChronos is well-positioned to redefine global trading dynamics. By integrating advanced AI and market design innovations, it not only streamlines trading processes but also uncovers untapped value across sectors, paving the way for significant economic impact.