Auctions allow for matching configurations of inbound orders that solve for outcomes traders care about. Instead of the traditional price/time model of continuous order books, OneChronos takes a first principles approach to trading by matching buyers and sellers using a modern definition of best execution. This mechanism design leads to natural curation of benign, aggregated, robust liquidity accessible to all participants.

"Smart Markets" like OneChronos use mathematical optimization techniques to match orders and have a proven ability to outperform continuous trading venues on metrics such as market impact, adverse selection, and price.

In a fully non-displayed capacity, OneChronos aims to reduce the cost of execution while unlocking trading opportunities to create liquidity and expand overall market volume.