OneChronos raises $32 million in funding round
The capital is set to “optimise growth and expand trading opportunities”.
The capital is set to “optimise growth and expand trading opportunities”.
In light of the US ATS’ looking to migrate to Europe and new offerings being proposed by European exchanges, Annabel Smith weighs up increased fragmentation against innovation, exploring the new competitive landscape, the prospect of private rooms, and who might be the provider to benefit most from first mover advantage.
The past week saw appointments across the C-suite, credit trading, asset management, fixed income, equities and derivatives.
Bradley joins the alternative trading system as chief executive officer of its London office; former SIX's Adam Sherlock will also join the firm in April to head up its European office.
Artificial intelligence and machine learning will play a role in the future of the trading desk, but experts put the brakes on a broad application, citing concerns around potential misuse, explainability to stakeholders and appropriate in-house expertise.