“GTN remains dedicated to pioneering solutions that remove barriers and increase accessibility for investors globally. This partnership with Blue Ocean Technologies further reinforces this commitment, offering extended trading hours that cater to the specific needs of investors in the Asia Pacific and the Middle East.”
GTN and Blue Ocean Technologies have partnered to introduce extended trading hours for US stocks targeting the Asia Pacific (APAC) and Middle East markets. This partnership marks Blue Ocean ATS’s debut in the Middle East and furthers its expansion in the APAC region, enhancing the global reach of US equities trading.
Through this collaboration, GTN aims to provide its network of brokers, banks, wealth managers, and fintechs with the capability to offer around-the-clock trading on US National Market System (NMS) stocks.
Featuring electronic order delivery and live data during the newly extended hours, the service allows investors in the APAC and Middle East to engage in US stock trading during their regular local business hours, offering unprecedented flexibility and access.
Blue Ocean in APAC and the Middle East with the help of GTN
Before this partnership, GTN’s trading hours for US stocks were limited to 4 a.m. to 8 p.m. US Eastern Standard Time. The new arrangement extends these hours from 8 p.m. to 3:50 a.m. ET from Sunday to Friday, effectively providing nearly 24-hour access to the US markets and better aligning with the local trading times of international investors.
Throughout 2023, Blue Ocean Technologies has been actively expanding its global footprint, particularly in the Asia-Pacific region, with strategic partnerships in South Korea, Hong Kong, and Japan. Looking ahead to 2024, both companies aim to empower more international investors with expanded access to US equities during extended trading hours, reinforcing their commitment to global market accessibility.
Blue Ocean Technologies, established in 2019, is committed to transforming US trading into a global operation through its Blue Ocean Session, enabling trading during US overnight hours and promoting transparency and access across all time zones.
Brian Hyndman, CEO of Blue Ocean Technologies, said: “We are delighted to be partnering with an industry capital markets leader like GTN that shares our vision on the power of technology to grow our global trading customer base. The agreement is important to Blue Ocean as it marks our entrance into an entirely new market. The ability to expand in both APAC and the Middle East with the help of GTN was highly attractive to us and is in line with our mission of accessibility in markets all over the world.”
Manjula Jayasinghe, Group CEO of GTN, commented: “The partnership with Blue Ocean is another step towards realizing GTN’s vision to make global financial markets accessible to all. GTN remains dedicated to pioneering solutions that remove barriers and increase accessibility for investors globally. This partnership with Blue Ocean Technologies further reinforces this commitment, offering extended trading hours that cater to the specific needs of investors in the Asia Pacific and the Middle East.”
