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Can you talk about the regulatory issues that you faced and had to solve before launching?
by legutierr 5y ago
Can you talk about the regulatory issues that you faced and had to solve before launching?
- lpage 5y agoWe 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/1692652/000169265220000010/xslATS-N_X01/primary_doc.xml https://www.sec.gov/Archives/edgar/data/1692652/000169265220...