“Modern retail investors increasingly expect financial markets to provide the same ‘always-on’ experience as other online activities. DriveWealth’s connectivity to Blue Ocean enables our global partners to offer real-time execution 24 hours a day, including seamlessly transitioning from overnight to core trading hours.”
“Brokerage-as-a-Service” platform DriveWealth has partnered with Blue Ocean Technologies, LLC (BOT) to expand real-time access and connectivity for global brokers.
As part of the agreement, DriveWealth will provide its global B2B partners extended real-time access to equities trading and trading data on the Blue Ocean ATS platform from 8 p.m. – 4 a.m., US ET. Blue Ocean will also grow its connectivity among the DriveWealth markets in Asia-Pacific and other global regions.
Broader access to US equities trading via Blue Ocean ATS
Throughout 2023, Blue Ocean Technologies has continued to expand globally, extending its trading model in Asia-Pacific. With partnerships in South Korea, Hong Kong and Japan, Blue Ocean is focused on continuing its growth in 2024 by empowering international investors seeking broader access to US equities trading and data during extended hours trading sessions.
Brian Hyndman, President, and Chief Executive Officer of Blue Ocean Technologies, commented, “We are excited to partner with DriveWealth, a fintech innovator who shares our vision of empowering investors in the global equities trading landscape. Expanding our reach by connecting to new brokers to provide trading accessibility, data, and innovation is a shared value, and we are committed to growing our reach to new markets. Having started the year with record trading volumes in the afterhours timeframe is validation of our market model to provide investors with convenience to trade during their daytime in Asia-Pacific or at their leisure after traditional hours in other time zones.”
Michael Blaugrund, CEO of DriveWealth, said, “Modern retail investors increasingly expect financial markets to provide the same ‘always-on’ experience as other online activities. DriveWealth’s connectivity to Blue Ocean enables our global partners to offer real-time execution 24 hours a day, including seamlessly transitioning from overnight to core trading hours.”
DriveWealth launched options trading via API
DriveWealth recently launched options trading in its embedded finance platform used by hundreds of partners around the world. By enabling access to trade options against stock and ETF securities through its API, the global fintech and pioneer in fractional investing is addressing the growing demand for options products at a time of market uncertainty and volatility.
The renowned fintech leverages an ultra-low latency proprietary trading system powered by Adaptive Financial Consulting. The fintech giant ordered the new trading system from Adaptive to address the increased demand in its retail brokerage business and respond to requests from a growing number of fintechs who are looking to add U.S. equity markets trading capabilities. The Adaptive-DriveWealth partnership has resulted in a well-functioning and ultra-low latency OMS built on top of the open source Aeron Transport and Aeron Cluster solutions.
