“These new data feeds represent a paradigm shift in market data accessibility. By providing unprecedented insights during out-of-trading hours, we empower traders with a continuous ATS source, fostering informed decision-making. Our partnership with dxFeed further solidifies our commitment to delivering innovative solutions to the financial industry.”
dxFeed, in collaboration with Blue Ocean Technologies, has unveiled a pioneering data feed product designed to offer in-depth market insights outside of traditional trading hours.
The data feed supplies pricing details for US Equities during out-of-market hours. This provides additional trading opportunities for investors across Asia, Australia, Europe, and the United States, particularly during pre-market sessions.
“A paradigm shift in market data accessibility”
dxFeed provides various products based on the Blue Ocean data feed, including Original Level 1 and Market Depth for 8pm-4am ET, a derived data feed for indicative pricing, and a 24-hour license-free Composite dxFeed data feed for US Stocks.
Key Features of the dxFeed’s Blue Ocean Feed:
- Availability in Two Forms: dxFeed presents both original and derived forms of the Blue Ocean data feeds, catering to a wide range of customer needs including brokerages, analytics portals, and hedge funds.
- Out-of-Market Trading Hours: Operating from 8 pm to 4 am EST, the Blue Ocean feed offers a continuous ATS source for RegNMS securities, effectively expanding trading opportunities beyond traditional market hours.
- Premiere Premarket Access: Beginning at 8 pm on Sundays, this feed provides the earliest premarket prices globally for US Equities following the weekend, capturing the impact of weekend news on market prices.
- Significant Growth and Adoption: The data feed is experiencing rapid growth in popularity, with a notable surge in volume from Asia-based retail brokers. Market makers are actively contributing, enhancing liquidity for over 1,000 tickers.
- Extensive Coverage: The Blue Ocean feed covers all RegNMS-eligible securities, offering comprehensive market insights for investors.
Performance Metrics (February 2024):
Average Daily Volume: 18 million shares
Single session high notional volume: $659 million
Trades across 4,688 unique tickers
A total of 4.139 million executions
John Willock, Head of Strategy of Blue Ocean Technologies, said: “These new data feeds represent a paradigm shift in market data accessibility. By providing unprecedented insights during out-of-trading hours, we empower traders with a continuous ATS source, fostering informed decision-making. Our partnership with dxFeed further solidifies our commitment to delivering innovative solutions to the financial industry.”
Last month, trading solutions provider GTN – which recently hired ex-Exness Damian Bunce – partnered with Blue Oceans as well to get the same kind of capabilities: 24-hour trading of US stock markets.
DriveWealth, the “Brokerage-as-a-Service” platform that made fractional shares famous a few years ago has also surrendered to the power of the Blue Ocean ATS and partnered with BOT in order to expand real-time access and connectivity for global brokers.
