Blue Ocean ATS enhances price discovery and liquidity for after hours US stock trading

Rick Steves

Liquidity and price discovery, missing from previous overnight trading solutions, are now possible utilizing the TNS network and managed service platform. Security of the private network and its access to all public clouds, uniformity of compliance and regulatory oversight, redundancy and recovery capabilities, plus the localized customer service around the world made TNS the best candidate for this major step in Blue Ocean Technologies’ growth.

Blue Ocean Technologies (BOT) has partnered with TNS so that its alternative trading system, Blue Ocean ATS, can leverage TNS’ network backbone and dark fiber to accommodate its increasing traffic, automated connectivity, and rapid global growth.

Blue Ocean ATS was launched in October 2021 to implement BOT’s vision within the capital markets industry. The trading system is one of the first platforms to provide real-time access and US stock trading capabilities to investors who want to trade outside of traditional US stock exchange hours of operation. The platform operates from 8:00PM EDT to 4:00AM EDT.

The partnership will leverage TNS’ private cloud-based, ultra-low latency network ensures connectivity and compliance for investors across multi-national regulatory environments.

Blue Ocean ATS will now provide additional security and compliance coverage and overcome the narrow limitations of pre- and post-market US capital exchange engagement for brokers, dealers and market makers around the world.

“True paradigm shift”

Matthew Horisk, Chief Operating Officer and CIO at BOT, said: “Investors across all time zones want to capitalize on real-time market developments, and TNS’ infrastructure provides the touchpoints, orchestration resilience, and international connectivity – especially in Asia Pacific. TNS has access around the world, the ability to adapt to new regulations, and the disaster recovery redundancy capabilities to grow our business.”

Rick Gilbody, Head of North America Sales, for TNS’ Financial Markets, commented: “The investment community’s growing demand for round-the-clock stock trading has been held back by concerns about low liquidity and limited network capabilities. With the Blue Ocean platform hosted and cloud-enabled across the global TNS backbone, this is a true paradigm shift with the launch of real-time, industrial-grade trading on Blue Ocean’s ATS.”

Liquidity and price discovery, missing from previous overnight trading solutions, are now possible utilizing the TNS network and managed service platform. Security of the private network and its access to all public clouds, uniformity of compliance and regulatory oversight, redundancy and recovery capabilities, plus the localized customer service around the world made TNS the best candidate for this major step in Blue Ocean Technologies’ growth.

TNS brings together over 2,800 financial community endpoints, supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its Infrastructure as a Service (IaaS) portfolio.

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