Blue Ocean ATS

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Blue Ocean ATS
BlueOceanTechnologies-Logos-02-200px.png
Founded 2019
Key People Brian Hindman
Website https://blueocean-tech.io


Blue Ocean ATS (or BOATS) is an alternative trading system (ATS) operated by Blue Ocean ATS, LLC, a subsidiary of Blue Ocean Technologies LLC. It provides a platform for trading U.S. National Market System stocks during evening and overnight hours when the major U.S. stock exchanges are closed.[1]

Blue Ocean ATS allows global investors to trade U.S. stocks between 8:00 pm and 4:00 am Eastern Time from Sunday through Thursday nights/early mornings. This "Blue Ocean Session" bridges the typical 8-hour overnight gap in trading of U.S. equities. The ATS aims to expand access to U.S. stock trading for investors in Asia-Pacific and other regions by offering a convenient evening/overnight trading window. It provides an "exchange-like" experience with electronic order delivery and live data feeds. Blue Ocean Technologies positions its after-hours trading service as transforming U.S. trading into a more globally accessible 24/7 market structure.[2]

The company says its mission is to enable trading whenever desired rather than just standard U.S. market hours.

History[edit]

Blue Ocean Technologies LLC was founded with the intent to develop technology solutions that expand global investor access to U.S. stock trading opportunities. Its subsidiary Blue Ocean ATS, LLC launched the Blue Ocean ATS platform in 2019.

Operations[edit]

The Blue Ocean ATS is a FINRA-registered alternative trading system that facilitates trading in National Market System stocks listed on U.S. exchanges like the NYSE and Nasdaq.

It provides order routing, execution, and reporting services during its evening/overnight trading session. U.S. broker-dealers that are subscribers to the ATS can access it to execute trades on behalf of their global institutional and retail clients when other U.S. equity markets are closed. Clients include Interactive Brokers, Robinhood, Virtu Financial Inc., Jane Street and Score Priority Corp.[3][4]

Blue Ocean Technologies and GTN, a global fintech firm, announced a partnership in March 2024 to provide 24-hour access to trading US stocks for investors in the Asia Pacific and Middle East regions. This collaboration marked Blue Ocean ATS's first expansion into the Middle East and continued growth in the APAC region.[5]

Blue Ocean Technologies partnered with dxFeed in April of 2024 to introduce a new data feed for US equities, offering pricing information outside of regular trading hours. Operating from 8 pm to 4 am EST, the data feed includes both original and derived data options, it allows trading as early as 8 pm on Sundays, making it the first to offer pre-market prices after the weekend.[6]

Transaction Network Services (TNS) partnered with Blue Ocean Technologies by utilizing TNS’s global network for real-time, extended-hours trading on the Blue Ocean ATS.[7]

In 2022, Broadridge Financial Solutions partnered with Blue Ocean Technologies to integrate the Blue Ocean ATS with Broadridge's NYFIX network.[8]

In March 2023, RQD Clearing partnered with Blue Ocean Technologies to enhance after-hours trading by integrating real-time trade capture and straight-through processing of clearance into Blue Ocean ATS's overnight sessions, effective March 1, 2023.[9]

Key People[edit]

Officers of Blue Ocean Technologies LLC[edit]

In May of 2022, Brian Hyndman was appointed CEO of Blue Ocean Technologies while retaining his role as president, while Ralph Layman transitioned to non-executive chairman. Matthew Horisk was promoted from chief technology officer to chief information officer and also took on the role of chief operating officer, succeeding Hyndman. Greg Shinnick, co-Founder and managing director of Blue Ocean ATS, stepped down, but continued serving on the board of directors.[10]

References[edit]