Sunday, June 23, 2024
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HomeInstitutional FXdxFeed forge partnership to unveil 24/5 data feed for US equities
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dxFeed forge partnership to unveil 24/5 data feed for US equities

dxFeed, a leader in market data solutions, has teamed up with Blue Ocean Technologies, the parent company of the Alternative Trading System, Blue Ocean ATS. Together, they are introducing a revolutionary 24/5 data feed for US equities, marking a significant advancement in market accessibility and transparency.

Blue Ocean ATS is at the heart of this transformation, enabling equities trading from 8 p.m. to 4 a.m. EST, effectively expanding the trading window for US equities to a remarkable 24/5 schedule.

This extended trading capability provides investors with a fully transparent view of US equities price movements beyond traditional market hours. It offers a unique opportunity for offshore investors, particularly those in the Asia-Pacific (APAC) region, to manage their US stock holdings more effectively.

“Far-reaching impact on how market participants access and utilize US equities data”

This extended trading window also facilitates comprehensive risk management, as it allows market participants in APAC and other regions to respond promptly to market developments during their daytime hours.

Dmitrii Parilov, Managing Director at dxFeed, said: “We are thrilled to partner with Blue Ocean to create this innovative 24/5 data feed for US Stocks. This collaboration not only enhances our ability to serve our clients but also contributes to the broader financial ecosystem by providing continuous access to vital market data.”

John Willock, Head of Strategy of Blue Ocean Technologies, commented: “Blue Ocean is proud to be at the forefront of this transformative initiative, extending trading hours and increasing transparency. We believe this partnership with dxFeed will have a far-reaching impact on how market participants access and utilize US equities data.”

A game-changer for retail brokers, money managers, and DeFi

This offering is poised to be a game-changer for online retail brokerages, money managers, and individual users, granting them the flexibility to access real-time quotes and last sale data at their convenience. It aligns trading with their respective time zones, enhancing their overall trading experience.

This extended trading window is expected to also have far-reaching implications, particularly in the rapidly evolving Web3 ecosystem. As Web3 operates 24/7, it has faced challenges accessing real-time securities pricing, typically constrained by traditional market hours. dxFeed and Blue Ocean’s partnership bridges this gap, delivering critical pricing data to the DeFi (Decentralized Finance) space, and ensuring that vital information flows continuously.

Blue Ocean has already made significant inroads into Asian markets, where extended trading hours overlap with daytime business hours. This strategic positioning has established Blue Ocean as the first platform to open for US equities trading after the weekend break. This distinction makes it an invaluable resource for traders seeking to respond swiftly to weekend news developments.

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