OneChronos launches spot FX venue
The move marks the firm’s first expansion beyond equities and comes five months after the firm received approval from the UK’s Financial Conduct Authority.
The move marks the firm’s first expansion beyond equities and comes five months after the firm received approval from the UK’s Financial Conduct Authority.
"Through measuring the execution outcomes when trading in the OneChronos ATS in the US, third party validation is showing market leading high quality, low reversion metrics and we intend to bring this experience to European clients," Scott Bradley, chief executive of OneChronos Markets UK, told The TRADE.
The past week has seen moves in electronic trading and sales as well as senior leadership appointments across EMEA, the US, and APAC.
Individual previously spent almost two decades at BlackRock and is set to support OneChronos’ expansion into APAC markets.
The capital is set to “optimise growth and expand trading opportunities”.
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.