The {Closed} Session

How auction theory is reshaping finance and compute trading

March 30, 2026·28 min
Episode Description from the Publisher

Most financial markets still run on one-to-one matching when optimization engines could unlock trillions. Kelly Littlepage co-founded OneChronos after exits to major financial institutions, building the fastest-growing US equities market processing $20 billion daily using Nobel Prize-winning combinatorial auction theory. He breaks down why capital markets lagged behind ad markets in auction sophistication, how machine learning solves NP-hard matching problems at Wall Street speed, and why GPU compute markets need combinatorial auctions to handle non-fungible infrastructure across latency zones and chip architectures.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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