Country for PR: United States
Contributor: PR Newswire New York
Monday, February 07 2022 - 22:00
AsiaNet
Blue Ocean Technologies & Samsung Securities Announce Strategic Partnership Offering US Equity Trading During Local Asia-Pacific Business Hours
NEW YORK and SEOUL, Feb. 7, 2022 /PRNewswire-AsiaNet/ --

-- Samsung Securities Goes Live Offering Clients Real-Time Access Via Blue 
Ocean ATS

-- Seoul Becomes First Asian Market Center to Commence US Equities Trading Day 
from Korea

Blue Ocean Technologies LLC (BOT), a global fintech leader in afterhours 
trading and the holding company of Blue Ocean ATS; and Samsung Securities, the 
brokerage subsidiary of Samsung Group, announced today the signing of a 
Memorandum of Understanding (MOU), entering a strategic partnership to trade US 
National Market System (NMS) stocks during local business hours in Korea. 
Effective February 6, 2022, (US ET) Samsung Securities began offering clients 
access to trade US equities via 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., 10:00AM to 6:00PM. Blue Ocean 
ATS currently offers all subscribers the option to trade via its Trademark Blue 
Ocean Session from 8:00PM to 4:00AM US ET.

For the first time in history, US equities commenced trading during local 
business hours on Monday morning in Korea, as a result of this partnership 
between Samsung Securities and Blue Ocean Technologies LLC. Blue Ocean ATS is 
currently connected to leading broker dealers in the US to serve institutional 
and retail investors who want to trade during non-traditional US market hours. 
Samsung Securities is Blue Ocean Technologies' first international partner for 
transparent electronic trading access and market data during a time previously 
unavailable to Asia-Pacific based investors.

By starting Overnight Trading Service, Samsung Securities is the only firm that 
can trade U.S. stocks during the daytime in Korea. Three hours after the 
post-market and 30 minutes before the pre-market trading, Samsung Securities' 
clients will be able to trade U.S. stocks for 20 hours and 30 minutes a day.  
Previously, Korean (and other global investors) had difficulties trading US 
equities during the night and dawn, however, now given the partnership with 
Blue Ocean the problem is completely solved.

According to Samsung Securities, 50% of all trades are traded from 23:30 to 
1:30 (Korean time), it seems like investors have been focusing on the beginning 
of the trading day because it is very difficult to trade at dawn or when 
investors are typically sleeping. The Blue Ocean overnight trading service will 
expand the base of overseas trading.

Chief Executive Officer of Blue Ocean Technologies, Ralph Layman, commented, 
"Today marks a tremendous milestone for global investors thanks to our 
strategic partnership with Samsung Securities, an incredibly well-respected 
international brand and multi-faceted innovator. We are delighted to have 
officially launched in Asia to facilitate real-time trading access for Korean 
investors. This partnership allows us to transport the US equities trading day, 
and our Blue Ocean trading model, to provide expanded local access to the 
greatest capital market in the world. Samsung Securities gained a global first 
mover advantage as the first APAC based firm to provide their customers access 
to this new trading opportunity.  As of today, the US equity market opens in 
Seoul."

Corporate Vice President of Samsung Securities, Jae-Hoon Sa, commented, 
"Despite the expansion of overseas trading, the physical time difference in 
each country has been a difficult obstacle for investors, and the opening of 
the service has allowed domestic investors to conveniently trade U.S stocks 
during the day when the Korean market opens, completely changing the game for 
the investing community. Investors can compare the same kind of industry stocks 
in the U.S and Korea, and they can invest right away by using the information 
from the news and corporate announcement after U.S market close.  In the past, 
Korean investors have started their day with checking the market conditions 
after U.S market close, now we look forward to seeing U.S investors start their 
day checking the 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 
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. Learn more about how to connect: 
sales@blueoceanats.com 

For additional information, please visit our website: www.blueocean-tech.io and 
follow us on LinkedIn ( 
https://c212.net/c/link/?t=0&l=en&o=3435123-1&h=2669365171&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3312574-1%26h%3D3008459781%26u%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fblue-ocean-technologies-llc-an-overnight-trading-company%26a%3DLinkedIn&a=LinkedIn 
) and Twitter ( 
https://c212.net/c/link/?t=0&l=en&o=3435123-1&h=1662562436&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3312574-1%26h%3D2412570678%26u%3Dhttps%253A%252F%252Ftwitter.com%252FblueOcean_ATS%26a%3DTwitter&a=Twitter 
).


SOURCE Blue Ocean Technologies, LLC 


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