Blue Ocean Technologies, a capital markets provider of global trading and data, and DriveWealth, a fintech delivering financial services through its “Brokerage-as-a-Service” platform, today announced a partnership to expand real-time access and connectivity for global brokers.
As part of the agreement, DriveWealth will provide its global B2B partners extended real-time access to equities trading and trading data on the Blue Ocean ATS platform from 8 p.m. – 4 a.m., ET. Blue Ocean will also grow its connectivity among the DriveWealth markets in Asia-Pacific and other global regions.
“We are excited to partner with DriveWealth, a fintech innovator who shares our vision of empowering investors in the global equities trading landscape,” Brian Hyndman, president, and CEO of Blue Ocean Technologies said. “Expanding our reach by connecting to new brokers to provide trading accessibility, data, and innovation is a shared value, and we are committed to growing our reach to new markets.
“Having started the year with record trading volumes in the after-hours timeframe is validation of our market model to provide investors with convenience to trade during their daytime in Asia-Pacific or at their leisure after traditional hours in other time zones.”
“Modern retail investors increasingly expect financial markets to provide the same ‘always-on’ experience as other online activities,” DriveWeath CEO Michael Blaugrand added. “DriveWealth’s connectivity to Blue Ocean enables our global partners to offer real-time execution 24 hours a day, including seamlessly transitioning from overnight to core trading hours.”
Throughout 2023, Blue Ocean Technologies has continued to expand globally, extending its trading model in Asia-Pacific through partnerships in South Korea, Hong Kong, and Japan.
Blue Ocean Technologies empowers global investors by making trading possible during US overnight trading hours.
Blue Ocean ATS, LLC, and its trading system Blue Ocean Alternative Trading System currently trade US National Market System stocks from 8 p.m.-4 a.m. ET from Sunday – to Thursday. Its flagship service, Blue Ocean Session, provides access and transparency to subscribers in all time zones during non-traditional US market hours.
DriveWealth is a global B2B financial technology platform. Its core business is providing Brokerage-as-a-service, powering the investing and trading experiences for digital wallets, broker-dealers, asset managers, and consumer brands.
