Blue Ocean ATS Gains Footprint into Japan
Blue Ocean Technologies, LLC (BOT), a unique capital markets fintech leader in global afterhours trading, and the Tokyo Stock Exchange (TSE) announced a strategic partnership expanding the trading customer base of both Blue Ocean ATS, the Blue Ocean trading platform, and TSE. As part of the new partnership, the TSE made a 5% investment into Blue Ocean Technologies. The transaction is expected to close September 2023.
As part of the new strategic alliance, Blue Ocean Technologies will enter the Japanese trading market for the first time adding to its continued growth within the Asia-Pacific (APAC) region. TSE will provide BOT reliable, transparent, and efficient trading access in Japan by leveraging its expertise on Japanese market structure and regulation. TSE will also seek to provide Blue Ocean ATS’ customers cross-border trading opportunities of Japanese equities.
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Brian Hyndman, President and CEO of Blue Ocean Technologies and Blue Ocean ATS, commented, “Today we are delighted to take a strategic step in our mission of increasing our footprint within the Asia-Pacific region. Our partnership with the Tokyo Stock Exchange is both a strategic development for Blue Ocean and for all Japanese investors, providing them the opportunity to trade US stocks during their daytime hours. Furthermore, we are very excited to have a global capital markets leader like the TSE validate our business model with their investment, which will contribute to our overall business growth, technology and infrastructure development while providing new trading choices and transparency for local Japanese investors,” he added.
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“Blue Ocean ATS is a unique and ambitious US equities trading venue operating in the Asian time zone, and we are looking forward to working with them,” said Hiroki Kawai, Senior Executive Officer of Tokyo Stock Exchange, Inc. “We hope to expand the business and customer base of both Blue Ocean and TSE to provide a variety of investment opportunities to investors in both Japan and the US.”
In addition to Blue Ocean Technologies’ growth within Japan, Blue Ocean has a presence in other key APAC markets such as South Korea and Hong Kong. Blue Ocean Technologies is approximately 35% owned by Urbana Corporation, a Canadian, publicly traded investment company.
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