Samsung Securities goes live giving clients real-time access via Blue Ocean ATS
Seoul becomes first Asian market hub to launch US stock trading day from Korea
NEW YORK and SEOUL, February 7, 2022 /PRNewswire/ — Blue Ocean Technologies LLC (BOT), a global fintech leader in after-hours commerce and the holding company of Blue Ocean ATS; and Samsung Securities, the brokerage subsidiary of the Samsung Group, today announced the signing of a Memorandum of Understanding (MOU), entering into a strategic partnership to trade the stocks of the US National Market System (NMS) during business hours. local offices in Korea. Effective February 6, 2022, (US ET) Samsung Securities has begun offering its clients access to US stocks through the Blue Ocean Alternative Trading System (ATS) market center. This platform offers Asia Pacific based investors the ability to trade during their local business hours, i.e., 10 a.m. to 6 p.m.. Blue Ocean ATS is currently offering all subscribers the ability to trade through its Blue Ocean Session brand from 8:00 p.m. to 4:00 a.m. United States ET.
For the first time in history, US stocks began trading during local business hours on Monday morning in Korea, thanks to this partnership between Samsung Securities and Blue Ocean Technologies LLC. Blue Ocean ATS is currently connected to major brokers in the United States to serve institutional and retail investors who wish to trade during non-traditional US market hours. Samsung Securities is Blue Ocean Technologies’ premier international partner for seamless access to electronic trading and market data during a time previously inaccessible to Asia Pacific based investors.
By launching Overnight Trading Service, Samsung Securities is the only company that can trade US stocks during the day in Korea. Three hours after the post-trade and 30 minutes before the pre-trade, Samsung Securities clients will be able to trade US stocks for 20 hours and 30 minutes per day. Previously, Korean investors (and other global investors) had difficulty trading US stocks overnight and dawn, but now, given the partnership with Blue Ocean, the problem is completely solved.
According to Samsung Securities, 50% of all trades are traded from 11:30 p.m. to 1:30 a.m. (Korean time), it seems that investors are focusing on the beginning of the trading day because it is very difficult to trade at dawn or when the investors usually sleep. The Blue Ocean night trading service will broaden the overseas trading base.
Chairman and CEO of Blue Ocean Technologies, Ralph Laymansaid, “Today marks an important milestone for global investors through our strategic partnership with Samsung Securities, an incredibly respected global brand and multi-faceted innovator. We are delighted to have officially launched in Asia to facilitate access to real-time trading for Korean investors. This partnership allows us to transport the US equity trading day and our Blue Ocean trading model, to provide expanded local access to the world’s largest capital market. Samsung Securities has gained a global first-mover advantage as the first APAC-based company to offer its clients access to this new business opportunity. Effective today, the US stock market opens in Seoul.”
Corporate Vice President of Samsung Securities, Jae Hoon Sacommented: “Despite the expansion of overseas trade, the physical time difference in each country has been a difficult obstacle for investors, and the opening of the service has made it easy for domestic investors to trade U.S. stocks on the day of the opening of the Korean market, completely changing the game for the investment community. Investors can compare the same type of industry stocks in the United States and Korea, and they can invest immediately using the information of the news and company announcement after the US market close.In the past, Korean investors started their day by checking market conditions after the US market closed, now we look forward to seeing investors Americans start their day by checking market conditions after the Korean market closes,” he added.
About Blue Ocean Technologies:
Blue Ocean Technologies, LLC (BOT) is a unique capital markets fintech company that empowers global investors to trade during overnight trading hours in the United States. Blue Ocean Technologies’ U.S. subsidiary, Blue Ocean ATS, LLC, and its Blue Ocean Alternative Trading System (BOATS) trading system, currently trade stocks on the U.S. National Market System (NMS) from 8:00 p.m. to 4:00 a.m. 12 am ET Sunday – Thursday. Founded in 2019, Blue Ocean ATS’ mission is to turn american trade into global trade through its flagship service, Blue Ocean Session, providing access and transparency to subscribers in all time zones during non-traditional US market hours. Learn more about connecting: [email protected]
For more information, please visit our website: www.blueocean-tech.io and follow us on LinkedIn and Twitter.
SOURCEBlue Ocean Technologies, LLC