Blue Ocean Technologies operates an Alternative Trading System (ATS) offering extended trading hours for US equities from 8:00 PM to 4:00 AM ET, Sunday through Thursday. This platform provides global investors with continuous market access and live, actionable quotes, enabling efficient trading outside traditional sessions.
Funding
Funding not disclosed
Founders
Product
Problem
The traditional US equities market operates within limited hours, creating a significant time gap that restricts global investors' ability to react to market-moving events or align trading with their local business hours. This limitation hinders efficient risk management and capital deployment for international participants.
Solution
Blue Ocean Technologies provides extended trading hours for US equities through its alternative trading system (ATS), the Blue Ocean ATS. This platform enables global investors to trade US National Market System (NMS) stocks outside of traditional market hours, specifically from 8:00 PM to 4:00 AM ET, Sunday through Thursday. By bridging this time gap, Blue Ocean ATS facilitates continuous trading cycles and supports diverse global investment strategies. The system offers direct FIX protocol and OMS integration, providing live, actionable quotes and continuous market access.
Target Audience
The primary customers are US broker-dealers seeking to offer extended trading hours to their clients, as well as institutional, retail, and foreign investors who access the market through these broker-dealer subscribers.
Features
- Operates an Alternative Trading System (ATS) for US National Market System (NMS) securities.
- Facilitates trading during extended hours: Sunday through Thursday, 8:00 PM ET to 4:00 AM ET.
- Provides direct FIX protocol and Order Management System (OMS) integration for subscribers.
- Offers live, actionable quotes and continuous market access.
- Supports real-time price discovery for US equities outside of core trading sessions.
- Clears trades through an NSCC-connected clearing firm and settles through DTCC.
- Reports trades to the FINRA Trade Reporting Facility (NYSE TRF) and FINRA CAT.
- Implements a 20% price band risk check on orders relative to the reference price.
- Accepts only limit day (session) orders, which do not carry over between sessions.
- Provides full depth-of-quote data via FIX messaging for order entry, executions, and cancellations.