Tech Firm OneChronos to Offer ‘Bundled’ Equity-FX Trading
A US technology vendor, OneChronos, is set to launch a new service that combines equity and foreign exchange (FX) trading. This initiative aims to streamline multi-leg trades using innovative auction algorithms, with a roll-out planned for later this year.
Key Highlights
- Bundled Trading: OneChronos will extend its auction system, currently used for equities, to the FX spot market.
- Coordinated Transactions: The new service will allow users to coordinate related transactions, such as buying stocks with a currency hedge.
- Availability: The service will cater to both voice and electronic traders.
- Optimized Execution: Aims to optimize execution on.
The Vision Behind Bundled Trading
OneChronos, known for its alternative trading system (ATS) in equities, is expanding its reach to include FX spot market. This move is designed to facilitate more complex trading strategies by allowing users to manage multiple asset classes simultaneously.
How It Works
The system employs new auction algorithms to optimize the execution of multi-leg trades. For example, a trader can execute a stock purchase while simultaneously hedging currency exposure.
Target Audience
The bundled trading service is designed for both voice and electronic traders, providing flexibility and efficiency for various trading styles.
Potential Benefits
- Efficiency: Streamlines the process of managing related transactions across different asset classes.
- Optimization: Utilizes advanced algorithms to ensure optimal execution.
- Flexibility: Caters to both voice and electronic trading preferences.