Production Machining: Collet System Replaces Extended-Nose Collets on Swiss-Type Lathes

See the MicroGrad wrench demonstrated in the video below!

In the below video Matt Saccomanno the founder of  Masa Tool describes how the Microconic workholding system functions without the need for an extended nose collet:
​The Microconic cartridge replaces the extended nose collets and provides not only better clearance but more rigidity and accuracy in the sub spindle of a CNC Swiss Style lathe.

According to  Saccomanno, "The accuracy and rigidity greatly improve with the diameter clearance already built into the system."