Blue Ocean ATS Integrates Broadridge’s Solution to Enhance After-Market Trading

Broadridge Financial Solutions (NYSE: BR) announced its partnership on Monday with Blue Ocean Technologies, which offers capital markets infrastructure for global after-hours trading.

Under the partnership, Blue Ocean ATS is going to integrate Broadridge’s NYFIX order-routing network, thus offering clients after-markets access to US equities. It aims to better serve banks and broker-dealers in North America and APAC regions.

“In today’s environment of extreme volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, access and transparency are mission critical to fostering fair markets,” said Ray Tierney, the President of Broadridge Trading and Connectivity Solutions.

“Through Blue Ocean’s access to overnight markets and Broadridge’s expansive client connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term and proven managed services, we will do just that – enabling increased access to markets for global traders.”

Streamlining Markets

Blue Ocean ATS offers after-market trading by operating an alternative trading system and replicating a daytime trading experience.
In addition, the latest partnership will benefit Blue Ocean from Broadridge’s VeriFIX solution, which will allow it to simulate FIX order flow in a non-production environment. Further, Broadridge’s FIX Conductor will allow Blue Ocean to onboard non-NYFIX clients.

Moreover, the announcement added that Blue Ocean can utilize additional client connectivity for managing order flow through Broadridge’s managed FIX client connectivity layer.

“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,” said Blue Ocean Technologies’ COO and CIO, Matthew Horisk.

“We’re energized by this strategic partnership with Broadridge because of the platform and scale they’ll provide, helping us facilitate new client connections to foster increased trade volumes throughout the industry.”