NEW YORK, August 1, 2022 /PRNewswire/ — To better serve banks and broker-dealers in North America and APAC regions on the NYFIX network around the clock, the global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), announced a global partnership with Blue Ocean Technologies (BOT), a unique capital markets Fintech company focused on global after-hours trading. Blue Ocean ATS (BOATS) will integrate with Broadridge’s NYFIX order routing network to offer clients untapped, after-market access to US equities.
Blue Ocean ATS operates an alternative trading system that replicates day trading with electronic access, transparent price discovery, regulatory requirements and clearing and settlement processes, while significantly overlapping with Asia and the Pacific work time.
“In today’s environment of extreme volatility, access and transparency are critical to promoting fair markets,” said Ray Tierney, president of Broadridge Trading and Connectivity Solutions. “Through Blue Ocean’s access to overnight markets and Broadridge’s extensive client connectivity and proven managed services, we will do just that – enabling increased market access for global traders.”
“Blue Ocean was founded with the sole purpose of providing accessibility to all investors and the partnership with Broadridge will expand our global connectivity and client reach among banks and broker-dealers,” they said Matthew Horisk, COO and CIO of Blue Ocean Technologies. “We are energized by this strategic partnership with Broadridge because of the platform and scale they will provide, helping us facilitate new customer relationships to drive increased trade volumes across the industry.”
Blue Ocean Technologies will benefit from Broadridge’s VeriFIX solution, which allows Blue Ocean to simulate FIX order flow in a non-production environment, and Broadridge’s FIX Conductor, offering Blue Ocean the ability to onboard new non-NYFIX customers. Blue Ocean will also derive additional client connectivity to manage the flow of client orders through Broadridge’s managed FIX client connectivity layer.
About Blue Ocean Technologies
Blue Ocean Technologies, LLC (BOT) is a unique capital markets fintech company that empowers global investors by making overnight trading possible in the US. Blue Ocean Technologies’ US broker-dealer subsidiary, Blue Ocean ATS, LLC, and its Blue Ocean Alternative Trading System (BOATS), currently trades shares on the US National Market System (NMS) from 8:00 PM to 4:00 AM ET from Sunday – Thursday.
Founded in 2019, Blue Ocean ATS is on a mission to transformed US trade into global trade through its flagship service, Blue Ocean Session, providing subscriber access and transparency across all time zones during non-traditional US market hours. For further information, please visit our website: www.blueocean-tech.io and follow us on LinkedIn and Twitter.
Broadridge Financial Solutions (NYSE: BR), a global fintech leader with 5 billion dollars in revenue, provides the critical infrastructure that powers investing, corporate governance and communications to enable a better financial life. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by connecting thousands of public companies and mutual funds with tens of millions of individual and institutional investors worldwide. Our technology and operational platforms underpin the daily commerce of more than the US 9 trillion dollars of equities, fixed income debt and other securities worldwide. A certified great place to work®Broadridge is part of the S&P 500® Index, which employs over 13,000 associates in 21 countries.
For more information about Broadridge, please visit www.broadridge.com.
Blue Ocean Technologies Contacts:
Head of Investor Relations, Broadridge
SOURCE Broadridge Financial Solutions, Inc.