Clear Street has entered a connectivity partnership with Blue Ocean Technologies to expand its market services for after-hours trading.
Andy Volz
The firm has expanded to 24-hour, 6-day trading capabilities to further enhance liquidity access and risk management for its global client base.
The development follows the launch of Clear Street’s OCC Cross-Margin, enabling futures and options traders to consolidate margin requirements and improve capital efficiency.
“We are rapidly expanding our platform with new products and services that give our clients greater flexibility and efficiency to navigate the global markets,” said Andy Volz, chief commercial officer at Clear Street.
“The launch of 24/6 trading is a direct response to our clients’ needs, and our ability to roll it out quickly showcases the strength of our technology platform.”
By connecting directly to the Blue Ocean ATS platform, Clear Street will be able to provide after-hours execution through a continuous FIX session, which it claims will have minimal downtime throughout the week, allowing for around-the-clock trading access.
Clear Street’s institutional and active trading clients can now trade National Market System (NMS) securities including stocks, ETFs and ADRs overnight, with trading hours running from: 20:00 to 4:00 Eastern Time, Sunday through Thursday.
The development follows a string of similar developments from Nasdaq, Cboe Global Markets and the New York Stock Exchange (NYSE), who announced plans for extended trading hours for equities.
Last October, NYSE revealed intentions to extend weekday trading on its Arca Equities Exchange to 22 hours a day to support global, exchange-based trading of all US-listed equity products.
Elsewhere, Cboe Global Markets revealed plans in February to expand its trading hours for US equities, moving to a 24-hour model for five days a week, subject to regulatory approvals.
More recently, Nasdaq stated that it has begun engaging with regulators to enable 24-hour trading, five days a week on the Nasdaq Stock Market.