03.06.2024

Blue Ocean Enters Middle East with GTN

03.06.2024
Clock Synchronization: A Matter of Timing

GTN, a global fintech redefining investing and trading for all, and Blue Ocean Technologies, LLC (BOT), a capital markets fintech leader in global trading and data, announced the launch of extended trading hours to trade US stocks from the Asia Pacific (APAC) and Middle East markets. This partnership marks the first-time expansion for Blue Ocean ATS in the Middle East marketplace while continuing its growth into the APAC.

By partnering with Blue Ocean Technologies, GTN will enable its partners, brokers, banks, wealth managers and fintechs to provide investors around the world with 24-hour trading on US National Market System (NMS) stocks. The Blue Ocean Session provides a real-time trading experience with electronic order delivery and live data. With GTN’s new capability, investors in the APAC and Middle East regions gain greater flexibility and opportunities to trade US stocks during regular local trading hours.

Brian Hyndman, CEO of Blue Ocean Technologies, commented, “We are delighted to be partnering with an industry capital markets leader like GTN that shares our vision on the power of technology to grow our global trading customer base. The agreement is important to Blue Ocean as it marks our entrance into an entirely new market. The ability to expand in both APAC and the Middle East with the help of GTN was highly attractive to us and is in line with our mission of accessibility in markets all over the world.”

“The partnership with Blue Ocean is another step towards realising GTN’s vision to make global financial markets accessible to all. GTN remains dedicated to pioneering solutions that remove barriers and increase accessibility for investors globally. This partnership with Blue Ocean Technologies further reinforces this commitment, offering extended trading hours that cater to the specific needs of investors in the Asia Pacific and the Middle East,” said Manjula Jayasinghe, Group CEO of GTN

Prior to this partnership, GTN customers were able to trade US stocks from 4 a.m. to 8 p.m. US Eastern Standard Time, Monday through Friday.  With GTN’s extended hours service in partnership with Blue Ocean, GTN customers can continue to trade U.S. stocks and ETFs from 8 pm ET to 3:50 am ET Sunday to Friday, allowing almost 24-hour access to US markets and aligning better with local trading hours.

Throughout 2023, Blue Ocean Technologies has continued to expand globally, extending its trading model in Asia-Pacific. With partnerships in South KoreaHong Kong and Japan, Blue Ocean is focused on continuing its growth in 2024 by empowering international investors seeking broader access to US equities trading and data during extended hours trading sessions.

Source: Blue Ocean

Related articles

  1. Outlook 2016: Alexander Lehmann, LSEG

    The exchange is picking up the pace of migrating datasets onto the Microsoft platform.

  2. Auerbach Grayson Launches U.S. Equities Trading Business

    The new definitions better reflect the way that fund managers define ‘smaller’ companies.

  3. Market Volatility Boosts Options Volume

    Equity index options had record ADV in the first quarter of this year.

  4. 'Anonymous' Weeden Focuses on Blocks

    Traders can signal and participate in exceptionally large or illiquid block trades with one click.

  5. Dark Pools Emerge for Bonds
    Daily Email Feature

    Welcome to the Dark Side

    While lit market operators question dark liquidity, more exchanges are opening their own dark platforms.