Wharton FinTech Podcast

Jesse Greif, COO of OneChronos - Optimizing for execution quality in electronic trading markets

04.10.2023 - By Wharton Fintech PodcastPlay

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Kailee Costello hosts Jesse Greif, the COO of OneChronos. OneChronos pioneered the technology to run a unique kind of optimization in electronic trading markets; their approach draws from Nobel prize-winning auction techniques and solves for execution quality outcomes rather than just speed.

In this episode you will hear about:

- How OneChronos ‘takes speed out of the equation’ and instead optimizes for what the majority of users define as great trading execution quality.

- How the Nobel Prize-winning ‘smart market’ concept has been applied to enable traders to express indifference and substitutes in the context of equities trading

- The SEC’s proposal to increase competition for retail order execution

- The challenge of capturing both the supply and demand side of the market to launch a new trading venue

- OneChronos’ partnership with the NYSE

- And much more!

About Jesse Greif

Jesse Greif is the COO of OneChronos. Prior to joining OneChronos, Jesse spent 13 years at Goldman Sachs, where he most recently was a Vice President. He earned an MBA from The Wharton School and his Bachelor’s degree from Northeastern University.

About OneChronos

OneChronos is a technology company at the intersection of capital markets, machine learning and mechanism design, providing innovative execution venues to those in the electronic trading world.

The company was founded by executives from Goldman Sachs, Accenture, and top quantitative asset managers with a common vision to leverage domain expertise and emergent technologies to make electronic trading simpler, more transparent and more efficient for institutional investors and traders. OneChronos is a Y Combinator alum backed by top venture investors in fintech, digital marketplaces and A.I.

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