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 , 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 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.”
