NEW
YORK, Aug. 1, 2022 /PRNewswire/ -- 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.
About Blue Ocean
Technologies:
Blue Ocean Technologies, LLC (BOT) is a unique capital markets
fintech company empowering global investors by making trading
possible during US overnight trading hours. Blue Ocean
Technologies' US broker dealer subsidiary, Blue Ocean ATS, LLC, and
its trading system Blue Ocean Alternative Trading System (BOATS),
currently trade US National Market System (NMS) stocks from
8:00 pm to 4:00 am ET from Sunday -
Thursday.
Founded in 2019, Blue Ocean ATS is on a mission
to transform US trading to Global trading via its
flagship service, Blue Ocean Session, providing access
and transparency to subscribers in all time zones during
non-traditional US market hours. For additional information,
please visit our website: www.blueocean-tech.io and
follow us on LinkedIn and Twitter.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with $5 billion in revenues,
provides the critical infrastructure that powers investing,
corporate governance, and communications to enable better financial
lives. We deliver technology-driven solutions that drive business
transformation for banks, broker-dealers, asset and wealth managers
and public companies. Broadridge's infrastructure serves as a
global communications hub enabling corporate governance by linking
thousands of public companies and mutual funds to tens of millions
of individual and institutional investors around the world. Our
technology and operations platforms underpin the daily trading of
more than U.S. $9 trillion of
equities, fixed income, and other securities globally. A certified
Great Place to Work®, Broadridge is part of the S&P
500® Index, employing over 13,000 associates in 21
countries.
For more information about Broadridge, please visit
www.broadridge.com.
Blue Ocean Technologies Contacts:
press@blueocean-tech.io
sales@blueoceanats.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
Edings.Thibault@Broadridge.com
Media:
Gregg
Rosenberg
Corporate Communications
(212) 918-6966
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.