Blue Ocean taps Broadridge to provide brokers with after-market access to US equities

Rick Steves

Blue Ocean ATS is currently connected to leading broker dealers in the US to serve institutional and retail investors who want to trade during non-traditional US market hours.

Blue Ocean ATS (BOATS), an alternative trading system focused on global afterhours trading, has partnered with Broadridge Financial Solutions, Inc. to integrate its NYFIX order-routing network in order to offer clients untapped, after-market access to US equities.

The move is expected to improve service to banks and broker-dealers in North America and APAC regions on the NYFIX network around the clock.

Broadridge’s VeriFIX solution will allow Blue Ocean to simulate FIX order flow in a non-production environment, and Broadridge’s FIX Conductor will help Blue Ocean onboard new clients not on NYFIX.

According to the announcement, Blue Ocean will also reap additional client connectivity to manage client order flow through Broadridge’s managed FIX client connectivity layer.

Further client reach among banks and brokers

Ray Tierney, President of Broadridge Trading and Connectivity Solutions, said: “In today’s environment of extreme volatility, access and transparency are mission critical to fostering fair markets. Through Blue Ocean’s access to overnight markets and Broadridge’s expansive client connectivity and proven managed services, we will do just that – enabling increased access to markets for global traders.”

Matthew Horisk, COO and CIO of Blue Ocean Technologies, added: “Blue Ocean was founded with the sole objective of bringing accessibility to all investors and partnering with Broadridge will further our global connectivity and client reach among banks and broker-dealers. We’re energized by this strategic partnership with Broadridge because of the platform and scale they’ll provide, helping us facilitate new client connections to foster increased trade volumes throughout the industry.”

Earlier this year, Blue Ocean was selected by Samsung Securities, the brokerage subsidiary of Samsung Group, to offer access to US National Market System (NMS) stocks during local business hours in Korea.

Samsung Securities began offering clients access to trade US equities via the Blue Ocean Alternative Trading System (ATS) market center. This platform offers Asia Pacific based investors the ability to trade during their local business hours.

Blue Ocean ATS is currently connected to leading broker dealers in the US to serve institutional and retail investors who want to trade during non-traditional US market hours.

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