Broker-dealer Bruce Markets’ Alternative Trading System (ATS) offering has announced a new strategic investment round, led by leading industry players including Fidelity Investments, Nasdaq Ventures, and Robinhood.
Jason Wallach
Other investors include: Apex Fintech Solutions, NH Investment and Securities, PEAK6 Investments, tastytrade, and Webull.
Gary Offner, head of Nasdaq Ventures, said: “As capital flows become increasingly global and investors seek access to markets across all time zones, extending trading capabilities beyond traditional hours represents a significant evolution in market structure.
“Bruce Markets has developed a strong foundation, leveraging Nasdaq’s industry-leading technology and data services toward building a resilient and reliable overnight trading experience.”
The raised capital is set to go towards Bruce Markets’ development of its overnight trading platform.
Currently, Bruce ATS provides trading for US Reg NMS between 8pm and 4am ET, Sunday to Thursday.
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“This esteemed group of strategic investors reflects a shared belief in the future of financial markets as a fully accessible, 24-hour trading ecosystem, and represents another significant step forward for retail investors who are, for the first time, playing an influential role in the evolution of our market structure,” said Jason Wallach, chief executive of Bruce Markets.
“We are honoured to have the confidence and support of these industry leaders as we work to redefine overnight trading with the dependability, scalability, and institutional-grade execution that our clients expect.”