Latest news with #BlueOceanATS
Business Upturn
5 days ago
- Business
- Business Upturn
Sterling launches overnight global trading in US NMS equities
By GlobeNewswire Published on June 4, 2025, 11:00 IST Chicago , June 04, 2025 (GLOBE NEWSWIRE) — Sterling Trading Tech (Sterling), a leading global provider of technology in order management, risk and margin, and trading, today announced the launch of 24×5 global trading in US National Market System (NMS) equities. Through Sterling OMS, clients can now trade overnight via Blue Ocean ATS. This marks the latest milestone in Sterling's ongoing global expansion strategy. On the product front, Sterling continues to enhance its OMS, risk, and trading capabilities. These now span multi asset classes, including US and international equities and options, futures, fixed income, mutual funds, FX, and crypto. All Sterling routing venues currently onboarded with Blue Ocean are available for overnight trading. Clients also benefit from market data and direct routing to Blue Ocean ATS. Additionally, Sterling has rolled out enhanced APIs, enabling clients to automate margin rate adjustments to account for overnight trading. Said Jen Nayar, Sterling President & CEO: 'At Sterling, we are committed to providing our clients with global access to trading in US equities, now extending into overnight hours. At the same time, we continue to advance our OMS and intraday risk and margin measurement capabilities. These enhancements enable our clients to confidently navigate today's volatile, unpredictable, and complex global markets.' -END- About Sterling Trading Tech Sterling Trading Tech (Sterling) is a leading provider of professional trading technology solutions for the global equities, equity options, futures, fixed income, mutual funds, FX and crypto markets. With over 100 clients including leading brokers, clearing firms and prop groups in over 20 countries, Sterling provides solutions tailored to clients' needs. Sterling is committed to providing fast, stable technology along with outstanding customer service. For more information, please visit Media Contact: Magdalena Mayer [email protected] (312) 346-9600 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
5 days ago
- Business
- Yahoo
Sterling launches overnight global trading in US NMS equities
24x5 capability available via Blue Ocean Technologies Chicago , June 04, 2025 (GLOBE NEWSWIRE) -- Sterling Trading Tech (Sterling), a leading global provider of technology in order management, risk and margin, and trading, today announced the launch of 24x5 global trading in US National Market System (NMS) equities. Through Sterling OMS, clients can now trade overnight via Blue Ocean ATS. This marks the latest milestone in Sterling's ongoing global expansion strategy. On the product front, Sterling continues to enhance its OMS, risk, and trading capabilities. These now span multi asset classes, including US and international equities and options, futures, fixed income, mutual funds, FX, and crypto. All Sterling routing venues currently onboarded with Blue Ocean are available for overnight trading. Clients also benefit from market data and direct routing to Blue Ocean ATS. Additionally, Sterling has rolled out enhanced APIs, enabling clients to automate margin rate adjustments to account for overnight trading. Said Jen Nayar, Sterling President & CEO: 'At Sterling, we are committed to providing our clients with global access to trading in US equities, now extending into overnight hours. At the same time, we continue to advance our OMS and intraday risk and margin measurement capabilities. These enhancements enable our clients to confidently navigate today's volatile, unpredictable, and complex global markets.' -END- About Sterling Trading TechSterling Trading Tech (Sterling) is a leading provider of professional trading technology solutions for the global equities, equity options, futures, fixed income, mutual funds, FX and crypto markets. With over 100 clients including leading brokers, clearing firms and prop groups in over 20 countries, Sterling provides solutions tailored to clients' needs. Sterling is committed to providing fast, stable technology along with outstanding customer service. For more information, please visit Media Contact: Magdalena Mayer (312) 346-9600 CONTACT: Media Contact: Magdalena Mayer (312) 346-9600
Associated Press
13-03-2025
- Business
- Associated Press
Clear Street Launches 24/6 Trading
Latest Launch Illustrates Accelerated New Product Roll Out Partnership with Blue Ocean ATS Provides Overnight Execution for Clients NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Clear Street, ('Clear Street', 'the Company') a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, today announced a connectivity partnership with Blue Ocean Technologies, LLC (BOT), a capital markets fintech leader in global trading and data, to expand Clear Street's market services for after-hours trading. Clear Street has expanded to 24-hour, 6-day trading capabilities further enhancing liquidity access and risk management for its global client base. Today's announcement is the latest in Clear Street's roll out of new products and features, following the recent launch of OCC Cross-Margin, which allows futures and options traders to consolidate margin requirements and improve capital efficiency. Andy Volz, Chief Commercial Officer of Clear Street, commented, 'We are rapidly expanding our platform with new products and services that give our clients greater flexibility and efficiency to navigate the global markets. The launch of 24/6 trading is a direct response to our clients' needs, and our ability to roll it out quickly showcases the strength of our technology platform. This new product illustrates our commitment to delivering innovative, client-first solutions that provide seamless, uninterrupted market access around the world.' By connecting directly to the Blue Ocean ATS platform, Clear Street offers after-hours execution through a continuous FIX session — with minimal downtime throughout the week, allowing for around-the-clock trading access. Clear Street's institutional and active trading clients can now trade National Market System (NMS) securities including stocks, ETFs and ADRs overnight, with trading hours running from: 8:00 PM to 4:00 AM Eastern Time, Sunday through Thursday (ending early Friday morning at 4:00 AM ET). About Clear Street: Clear Street is modernizing the brokerage ecosystem with financial technology and services that empower market participants with real-time data and best-in-class products, tools and teams, to navigate capital markets around the world. Complemented by white-glove service, Clear Street's cloud-native, proprietary product suite delivers financing, derivatives, execution and more to power client success, adding efficiency to the market and enabling clients to minimize risk, redundancy and cost. Clear Street's goal is to create a single platform for every asset class, in every country and in any currency. For more information, visit
Korea Herald
08-02-2025
- Business
- Korea Herald
US overnight trading platform gears up to make comeback in Korea
US alternative trading system Blue Ocean ATS hopes to resume trading service for Korean investors soon, following a six-month halt sparked by its system crash in August. Operated by Blue Ocean Technologies, the ATS provides overnight trading of US stocks, enabling Korean investors to trade during their daytime hours. 'We have invested in Korea with our technology, support and compliance. I believe we are close (to recommence the service),' Blue Ocean Technologies CEO and President Brian Hyndman said in an interview held with The Korea Herald at a hotel in Yeouido, western Seoul, Thursday. In August, Blue Ocean shut down its matching engine due to a surge in trade volume, resulting in the cancellation of orders worth 630 billion won ($435 million) across 90,000 accounts here. Since then, local securities firms have suspended the service. As the brokerage houses requested Blue Ocean Technologies to set up measures to prevent relapse, the company has completed the immigration to a new server and set up a new accommodation policy for investor protection. Though the compensation dispute over the outage was not the key reason that stopped the trading, Blue Ocean Technologies recently worked out a new accommodation policy, which includes financial compensation of up to $250,000 per month. At the time of the incident, the company did not have the rules for compensation. It is not the standard for an ATS to have a compensation policy in the US, according to Hyndman. "But I wanted to do that (come up with a compensation policy) for Korea going forward to give (the investors) a level of comfort," he said. For a better local presence, the company has set up an office in Seoul, appointing former representative director of LSEG Korea Kim Suk-joon as vice president and head of the north Asia-Pacific region. 'We fully demonstrated in the proof that we are ready to accommodate any businesses from Korea and most of the Korean customers are eager to resume businesses with us anytime," Kim said while joining the interview. According to Kim, Korean brokerage firms have shown a willingness to resume trading with Blue Ocean. "(The brokers) are waiting for the signal from the Financial Supervisory Service and Korea Financial Investment Association (Kofia)," Kim assessed, explaining Blue Ocean relies on the association to communicate with the financial regulator. Kofia is a representative body of the local brokerage firms. "The association is likely to poll the brokers to make sure that everybody is comfortable trading soon," Hyndman said, projecting the statement of the market inclination will help resume the business. While Korea had accounted for 65 percent of Blue Ocean ATS' share volume prior to the outage, the business has been growing strong even without the country, according to Hyndman. 'A lot is going on in the US equity markets with the new president's tariffs, Deepseek, and AI stocks. We had three record days in the past month -- record national volume being traded on Blue Ocean even without Korea,' Hyndman said. Despite the stable growth, Blue Ocean Technology wants Korea back on the table. 'Korea is a big part of our business. We want to get it back and we want to give the customers the offering that they are used to,' Hyndman said. While the daytime trading of US stocks for Korean investors had been exclusively offered by Blue Ocean, the market competition is likely to grow. More US exchanges are gearing up to expand their trading hours into the night hours, such as Moon ATS and 24X Exchange. Though Blue Ocean enjoyed its exclusivity in Korea, Hyndman welcomes the new competition. 'If we have a couple of competitors trading in the overnight space, the market is going to get bigger,' Hyndman said. 'Do I want to do 100 percent of 50 million shares or do I want to do 40 percent of half a billion shares, right?'
