The initiative includes investments from PEAK6 Investments and Robinhood Markets and will also leverage technology from Nasdaq and Apex Fintech Solutions.
The integration is set to boost ABN AMRO Clearing’s current client offering for around-the-clock trading and follows increasing momentum from global firms and exchanges to shift to 24/5 models.
The move aligns with an uptick in firms shifting to, or considering overnight trading models across the world, particularly in Asian and international markets trading US equities.
The offering is the first of its kind and will connect Blue Ocean, Bruce Markets and OTC Markets’ MOON ATSs; move aligns with a growing shift towards 24/5 trading in US equities markets.
Market onlookers from Pico, Bruce Markets and Nasdaq provide an additional view on how they believe discussions around 24/7 trading will shape markets across the world, and how the industry will respond as hours begin to extend.
Capital is set to go towards Bruce Markets’ development of its overnight trading platform.