dxFeed has launched its Aggregated Overnight Feed. The service delivers a consolidated top-of-book data feed for the U.S. equities overnight trading session.

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The launch may also benefit retail traders who access extended-hours markets through brokers offering pre- and post-market trading. With higher-quality, aggregated data, these participants can view liquidity and prices more clearly during off-hours.

The move builds on dxFeed’s earlier integration of MOON ATS and OTC Overnight, which gave brokers and retail traders continuous access to after-hours trading. The expansion supports equities and multi-asset platforms, reflecting growing demand for 24/5 U.S. stock trading, increasingly offered by platforms such as IG, Robinhood, and Webull.

Extended-Hours Trading Pushes Demand for Consolidated Data

The latest move comes as extended-hours trading grows beyond a niche, with pre- and post-market volumes approaching 9% of total daily activity. Market participants in Asia and other international markets are increasingly active during overnight hours.

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"The market is moving toward a continuous trading model, but infrastructure has lagged behind—particularly in overnight sessions," said Stepan Bolshakov, Managing Director at dxFeed.

"With our Aggregated Overnight Feed, we are closing that gap by delivering a normalized, consolidated view of liquidity across venues."

Before this launch, overnight trading faced fragmented liquidity, inconsistent data formats, and limited transparency across venues. dxFeed’s feed is designed to address these issues.

dxFeed Consolidates Overnight Liquidity Across ATS Venues

The new service uses dxFeed's Feed Consolidator Service to aggregate and normalize Level 1 data. This includes quotes, trades, time & sales, and summary data. It consolidates liquidity across overnight venues such as Bruce ATS, Blue Ocean ATS, and Moon ATS.

A key feature of the feed is the ability to merge overnight data with regular U.S. trading sessions. This provides a continuous 24/7 data stream with a consistent schema across all sessions. According to dxFeed, this reduces the need for firms to combine multiple feeds, lowering infrastructure complexity and latency risks.

Consolidated Data Improves Overnight Market Transparency

The feed aims to improve price discovery, increase transparency, and support execution strategies during off-hours. It also provides actionable signals and reduces operational overhead for firms relying on consolidated data.

Jason Wallach, CEO of Bruce Markets, said that "as overnight trading gains momentum, the industry is beginning to build the infrastructure required to support a fully functioning session." He added that dxFeed has been an early mover in developing consolidated market data for overnight trading, providing participants with improved transparency and consistent data quality as the session matures.