We needed to work through the FINRA BD and SEC ATS-N registration process, and the latter is a requirement that went into effect well after we got started on OneChronos. We're pleased with how both went, and we chose US equities as a beachhead precisely because of how sophisticated the regulatory framework is. That said, it's quite the process, both time and resource-wise. We'll have to work through similar processes to pursue other asset classes and geographies. Doing so is core to our mission of making portfolio level transactions frictionless cross-asset and cross geography.
Comments
We needed to work through the FINRA BD and SEC ATS-N registration process, and the latter is a requirement that went into effect well after we got started on OneChronos. We're pleased with how both went, and we chose US equities as a beachhead precisely because of how sophisticated the regulatory framework is. That said, it's quite the process, both time and resource-wise. We'll have to work through similar processes to pursue other asset classes and geographies. Doing so is core to our mission of making portfolio level transactions frictionless cross-asset and cross geography.
You can read our ATS-N here: https://www.sec.gov/Archives/edgar/data/1692652/000169265220...