Blue Ocean Technologies and DriveWealth Partner to Boost Equities Trading in Asia-Pacific

Wednesday, 14/02/2024 | 12:47 GMT by Jared Kirui
  • This collaboration aims to provide data for users in the Asia-Pacific region.
  • Blue Ocean Technologies is expanding its trading services through partnerships in South Korea, Hong Kong, and Japan.
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Blue Ocean Technologies and DriveWealth have partnered to enhance equities trading. Through this collaboration, investors will gain extended access to equities trading services and data, particularly in Asia-Pacific and other global markets.

Additionally, the collaboration aims to provide traders across different time zones with access to equities trading services, data, and innovation. DriveWealth's connectivity to Blue Ocean Technologies facilitates real-time execution 24 hours a day, ensuring a seamless transition between overnight and core trading hours, Blue Ocean Technologies mentioned in a statement today (Wednesday).

Blue Ocean Technologies' Global Expansion

Brian Hyndman, the President and Chief Executive Officer of Blue Ocean Technologies, mentioned: "Expanding our reach by connecting to new brokers to provide trading accessibility, data, and innovation is a shared value, and we are committed to growing our reach to new markets."

"Having started the year with record trading volumes in the after-hours timeframe is a validation of our market model to provide investors with convenience to trade during their daytime in Asia-Pacific or at their leisure after traditional hours in other time zones."

Last year, Devexperts, a software solution provider for brokers and financial institutions, partnered with DriveWealth to introduce fractional share trading. This step was a response to the increasing demand for fractional share trading. Devexperts aims to democratize investing by allowing users to trade or hold small fractions of shares for as little as a dollar.

This partnership with DriveWealth underscored Devexperts' commitment to providing global access to brokers and enhancing the retail trading experience. Founded in 2002, Devexperts plans to integrate DriveWealth's listed securities into its DXtrade XT platform, enhancing users' trading experience across various regions. The integration facilitates smart order routing and enhances the value proposition for traders in the US, LATAM, EMEA, and APAC regions.

Fractional share trading is gaining momentum across the industry, with most brokers recognizing its potential to attract young investors and remove barriers to portfolio diversification. Interactive Brokers, a prominent player in the market, has been offering fractional shares since 2019, reflecting the widespread adoption of this innovative approach.

Blue Ocean Technologies and DriveWealth have partnered to enhance equities trading. Through this collaboration, investors will gain extended access to equities trading services and data, particularly in Asia-Pacific and other global markets.

Additionally, the collaboration aims to provide traders across different time zones with access to equities trading services, data, and innovation. DriveWealth's connectivity to Blue Ocean Technologies facilitates real-time execution 24 hours a day, ensuring a seamless transition between overnight and core trading hours, Blue Ocean Technologies mentioned in a statement today (Wednesday).

Blue Ocean Technologies' Global Expansion

Brian Hyndman, the President and Chief Executive Officer of Blue Ocean Technologies, mentioned: "Expanding our reach by connecting to new brokers to provide trading accessibility, data, and innovation is a shared value, and we are committed to growing our reach to new markets."

"Having started the year with record trading volumes in the after-hours timeframe is a validation of our market model to provide investors with convenience to trade during their daytime in Asia-Pacific or at their leisure after traditional hours in other time zones."

Last year, Devexperts, a software solution provider for brokers and financial institutions, partnered with DriveWealth to introduce fractional share trading. This step was a response to the increasing demand for fractional share trading. Devexperts aims to democratize investing by allowing users to trade or hold small fractions of shares for as little as a dollar.

This partnership with DriveWealth underscored Devexperts' commitment to providing global access to brokers and enhancing the retail trading experience. Founded in 2002, Devexperts plans to integrate DriveWealth's listed securities into its DXtrade XT platform, enhancing users' trading experience across various regions. The integration facilitates smart order routing and enhances the value proposition for traders in the US, LATAM, EMEA, and APAC regions.

Fractional share trading is gaining momentum across the industry, with most brokers recognizing its potential to attract young investors and remove barriers to portfolio diversification. Interactive Brokers, a prominent player in the market, has been offering fractional shares since 2019, reflecting the widespread adoption of this innovative approach.

About the Author: Jared Kirui
Jared Kirui
  • 1418 Articles
  • 19 Followers
About the Author: Jared Kirui
Jared is an experienced financial journalist passionate about all things forex and CFDs.
  • 1418 Articles
  • 19 Followers

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