FlexTrade Systems has partnered with Blue Ocean Technologies to broaden access to its sellside order management solutions for broker-dealer subscribers.
The alliance will enable Flextrade’s broker-dealer clients to have access to the Blue Ocean ATS trading platform for after–hours trading in US equities from 8:00 pm – 4:00 am EST.
Flextrade said it also hopes to further drive development within the 24 hour equities trading sector.
Brian Hyndman, president and CEO of Blue Ocean Technologies and Blue Ocean
ATS, said Blue Ocean Technologies average daily volume grew 230% in 2023 from
2022.
He added this validates the overall need to offer additional choices for investors that
want to manage their risk
“The expansion is due in large part to connectivity partnerships with trading platforms
like FlexTrade Systems,” he said, adding they provide new routing choices, greater trading flexibility, and transparency after hours.
Shane Remolina, director of business development, sell-side trading solutions at
FlexTrade Systems, noted that partnering with Blue Ocean “is a natural fit and next step that will enable clients with large trading flows in the APAC region to access Blue Ocean’s overnight session in US names”.
Blue Ocean Technologies’ US broker dealer subsidiary, Blue Ocean ATS and its trading system Blue Ocean Alternative Trading System currently trade US National Market System (NMS) stocks from 8:00 pm to 4:00 am ET from Sunday – Thursday.
FlexTrade, which provides a multi-asset sell-side trading platform supports
high touch and low touch businesses across cash, programme trading, futures and
options, exchange traded funds (ETFs), swaps, and foreign exchange workflows.
©Markets Media Europe 2023
