To better serve banks and broker-dealers in North America and APAC regions on the NYFIX network around the clock, global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), announced a global partnership with Blue Ocean Technologies (BOT), a unique capital markets Fintech focused on global afterhours 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 a daytime trading experience with electronic access, transparent price discovery, regulatory requirements, and clearing and settlement processes while overlapping significantly with Asia Pacific business hours.
"In today's environment of extreme volatility, access and transparency are mission critical to fostering fair markets," said Ray Tierney, 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."
"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 Matthew Horisk, COO and CIO of Blue Ocean Technologies. "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."
Blue Ocean Technologies will benefit from Broadridge's VeriFIX solution, allowing 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 clients not on NYFIX. Blue Ocean will also reap additional client connectivity to manage client order flow through Broadridge's managed FIX client connectivity layer.