Clear Street partners with Blue Ocean Technologies to enable 24/6 trading
Partnership follows a string of similar moves from venues including Nasdaq, NYSE and Cboe Global Markets, who plan to extend trading hours on their respective platforms.
Partnership follows a string of similar moves from venues including Nasdaq, NYSE and Cboe Global Markets, who plan to extend trading hours on their respective platforms.
MEMX will serve as technology partner for the platform, with expected implementation of the technology by the end of this quarter.
The TRADE speaks to Brian Hyndman, chief executive of Blue Ocean Technologies, about the drivers behind increased trading hours for US equities, the benefits this can provide retail and institutional investors, and how trading desks can adapt to this change.
As part of the agreement, the Tokyo Stock Exchange has also made a 5% investment into Blue Ocean Technologies which is expected to close in September.
Partnership aims to increase access to markets for global traders, allowing Broadridge to better serve clients in North America and APAC regions.