Broadridge has partnered with Blue Ocean Technologies (BOT), a capital markets fintech focused on global after-hours trading, to integrate Broadridge’s Trading and Connectivity Solutions.
Blue Ocean ATS (BOATS) will integrate with Broadridge’s NYFIX order-routing network to offer clients untapped, after-market access to US equities.
The partnership aims to better serve banks and broker-dealers in North America and Asia Pacific regions on the NYFIX network around the clock.
Blue Ocean ATS operates an alternative trading system that replicates a daytime trading experience with electronic access, transparent price discovery, regulatory requirements, and clearing and settlement processes while overlapping with Asia Pacific business hours.
Speaking on the announcement, Ray Tierney, president of Broadridge Trading and Connectivity Solutions, says: “In today’s environment of extreme volatility, access and transparency are mission critical to fostering fair markets.
“Through Blue Ocean’s access to overnight markets and Broadridge’s expansive client connectivity and proven managed services, we will do just that – enabling increased access to markets for global traders.”
Matthew Horisk, chief operating officer and chief information officer of Blue Ocean Technologies, adds: “Blue Ocean was founded with the sole objective of bringing accessibility to all investors and partnering with Broadridge will further our global connectivity and client reach among banks and broker-dealers.
“We are energised by this strategic partnership with Broadridge because of the platform and scale they will provide, helping us facilitate new client connections to foster increased trade volumes throughout the industry.”
