New Market Opportunity: Blue Ocean (BL)

November 12, 2021

Dear Manager,

We’re happy to announce that the Blue Ocean ATS is available for traders again. The Blue Ocean ATS, known as BOATS, uses electronic order delivery and live data to provide global clients with an "exchange-like" experience to trade U.S. ETFs at a more convenient time. Their current tradable ETFs list includes the latest Bitcoin ETF, the ProShares Bitcoin Strategy ETF (BITO). 

Fee Structure & Rebate

Recently, Blue Ocean ATS has expanded its market center to include leading broker-dealers on its platform that offers investors and traders the ability to trade via its Blue Ocean Session from 8:00 P.M.-4:00 A.M. ET. It also adopted a new fee structure that pays a rebate of 0.0006 per share on transactions that add liquidity and charges 0.002 per share on transactions that remove liquidity. 

Overnight Position

Please inform your trader of this opportunity and remind them that any outstanding position (i.e. any position leftover after 4:00 A.M. ET) will be treated as an overnight position in this market. As the underlying security trades during U.S. hours, significant price movements are expected. Therefore, the risk is significant to hold an outstanding position and may incur an additional fee. Please cover your traders' positions before the market closes at 4:00 A.M. ET.

Market Summary

  • In PPro8, we manage this as a separate Market with extension BL
  • Blue Ocean market hours are Sunday–Thursday, 8:00 PM –4:00 AM ET
  • Blue Ocean follows the U.S. market calendar, as published by the NYSE
  • Order Type: only Limit Day orders are currently available

To begin trading on it, traders will need to configure their Keyboard Setup for Market Blue Ocean in the APAC Region. Additionally, managers will need to request equity buying power in USD currency, under the ASIA-PACIFIC region in the TMS Metro Buying Power process, for their traders.

For more information, you can see the Blue Ocean available symbol list and the Blue Ocean market guide.

Let us know if you have any comments or questions by creating a mojo.

Communications Team

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