Blue Ocean Technologies teams up with Futu Clearing Inc to provide Futubull Clients Real-Time Trading & data access By CIOTechOutlook Team

Blue Ocean Technologies teams up with Futu Clearing Inc to provide Futubull Clients Real-Time Trading & data access

CIOTechOutlook Team | Monday, 13 February 2023, 03:39 IST

Futu Holdings Limited, a cutting-edge fintech company enhancing the investing experience by providing fully digitised financial services in multiple markets, and Blue Ocean Technologies LLC, a global leader in after-hours trading and the holding company of Blue Ocean ATS, today announced a connectivity and market data partnership. With effect from February 13, the new arrangement enables users of the Futubull platform to trade US National Market System (NMS) stocks online during regular business hours in Hong Kong. Additionally, Blue Ocean provides market data to Futubull customers as part of their integrated investor data offering on their own one-stop digital platform.

Through the Blue Ocean Alternative Trading System (ATS) market centre, Futu is now offering clients the opportunity to trade US stocks in real-time and access market data during Hong Kong local business hours. Investors in Asia and the Pacific have access to the new Blue Ocean ATS platform from 10:00 am to 6:00 pm in Hong Kong. All trading subscribers have the ability to trade during Blue Ocean ATS's marquis service Blue Ocean Session from 8:00 p.m. to 4:00 a.m. US Eastern Time.

"Today's announcement is a strategic step in our mission of offering global investors in the Asia-Pacific region real-time access to trading and market data during a time previously unavailable to investors in Hong Kong," said Brian Hyndman, CEO of Blue Ocean Technologies. "Futu is the ideal partner for us given their focus on innovation, product and bettering their user's experience. We are delighted to join forces with Futu connecting the Futubull platform to the Blue Ocean ATS to forge a global trading community to evolve capital markets trading access in Hong Kong."

"Our partnership with Blue Ocean is the perfect alignment that allows us to offer our Hong Kong clients the ability to trade stocks 24 hours, 5 days a week," stated Nicolette Denney, CEO, Futu Clearing. "This is one more way that we can improve the customer experience and provide meaningful services."

Due to this collaboration with Futu Clearing Inc., US stocks were first traded in Hong Kong during regular business hours on February 13th morning. With collaborations already established in Korea and now all throughout Hong Kong, the Blue Ocean ATS US overnight trading service project strengthens Blue Ocean Technologies' presence in the Asia-Pacific region. In an effort to increase local investors' access to electronic trading on the greatest capital markets in the world, Futu Securities International (Hong Kong) Limited has joined forces with Samsung Securities and other brokers in the Asia-Pacific region.