Futu taps Blue Ocean ATS for US overnight trading in APAC region
“Our partnership with Blue Ocean is the perfect alignment that allows us to offer our Hong Kong clients the ability to trade stocks 24 hours, 5 days a week. This is one more way that we can improve the customer experience and provide meaningful services.”
Blue Ocean Technologies LLC and Futu Holdings’ US-based subsidiary have announced a connectivity and market data partnership that allows Futubull platform clients to electronically trade US National Market System (NMS) stocks during local business hours in Hong Kong, effective February 13th.
Blue Ocean is also offering Futubull clients market data as part of their integrated investor data offering on its proprietary one-stop digital platform.
Real-time access to trading and US market data for investors in APAC
Futu clients will gain access to trade US equities in real-time and access market data during Hong Kong local business hours via the Blue Ocean Alternative Trading System (ATS) market center.
The novel Blue Ocean ATS platform offers Asia-Pacific based investors the ability to trade during 10:00 am to 6:00 pm in Hong Kong. Blue Ocean ATS currently offers all trading subscribers the option to trade via its marquis service Blue Ocean Session from 8:00 pm to 4:00 am US ET.
Brian Hyndman, CEO of Blue Ocean Technologies, said: “Today’s announcement is a strategic step in our mission of offering global investors in the Asia-Pacific region real-time access to trading and market data during a time previously unavailable to investors in Hong Kong. Futu is the ideal partner for us given their focus on innovation, product and bettering their user’s experience. We are delighted to join forces with Futu connecting the Futubull platform to the Blue Ocean ATS to forge a global trading community to evolve capital markets trading access in Hong Kong.”
Nicolette Denney, CEO, Futu Clearing, commented: “Our partnership with Blue Ocean is the perfect alignment that allows us to offer our Hong Kong clients the ability to trade stocks 24 hours, 5 days a week. This is one more way that we can improve the customer experience and provide meaningful services.”
Blue Ocean ATS cements reach in APAC
The Blue Ocean ATS US overnight trading service initiative further cements Blue Ocean Technologies reach in Asia-Pacific with partnerships in place today in Korea and now throughout Hong Kong.
Futu Securities International (Hong Kong) Limited joins Samsung Securities and other brokers in Asia-Pacific focused on expanding electronic trading access of the world’s largest capital markets to local investors.
Blue Ocean has recently 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.
Another partnership with Broadridge was aimed at integrating the 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.