Expanding Trading Horizons: Blue Ocean Technologies Leads the Way
In the ever-evolving world of stock trading, Blue Ocean Technologies is making waves by extending the traditional trading hours. Brian Hyndman, CEO of Blue Ocean, recently discussed this innovative approach on a segment with Business First.
24-Hour Trading: A New Reality Blue Ocean’s platform now allows trading from 8:00 PM to 4:00 AM, offering traders and investors the flexibility of a 24-hour market. This shift is significant, considering the traditional limitations of market hours. Hyndman notes the success of cryptocurrencies, which trade 24/7, as an inspiration for this change in equity trading.
Impressive Growth and Global Reach The platform has seen remarkable growth, starting from half a million shares a night to a peak of nearly 110 million. With around 40 subscribers, including prominent names like Robinhood and Interactive Brokers, Blue Ocean is making a substantial impact. The growth is primarily driven by Asian markets, with significant contributions from South Korea, Hong Kong, Singapore, and a new partnership with the Tokyo Stock Exchange.
Convenience and Accessibility One of the key advantages of extended trading hours is the convenience it offers to investors. They can now trade and invest at times that suit them, not being restricted to standard market hours. This flexibility is particularly beneficial for reacting to news and earnings reports outside the traditional trading day.
Fee Structure Blue Ocean’s fee structure aligns with standard exchange practices, offering rebates for providing liquidity and charging for taking liquidity. This approach ensures fairness and competitiveness in the market.
In conclusion, Blue Ocean Technologies is redefining the landscape of equity trading by offering extended hours, catering to a global audience, and providing flexibility and convenience to traders and investors. This innovation is not just a step forward for the company but a leap for the trading community worldwide.
For more insights, visit Business First’s website and catch their show on TV.
