Interactive Brokers Taps Blue Ocean ATS For Overnight Trading To 10,000 Stocks And ETFs

Interactive Brokers, a leading electronics trading platform, has grown the overnight trading offering to 10,000 stocks and exchange-traded funds that are listed in the US. The move will enable Interactive Brokers to have a vast range of US equities that can now be traded for 24 hours, five days a week.

Interactive Brokers expands overnight trading to 10,000 stocks and ETFs

Interactive Brokers, which is one of the leading brokerage companies in the US, said that the overnight trading hours will commence from 8:00 pm ET to 3:50 am ET on trading days. The trading sessions will start on Sunday at 8:00 pm ET and end on Friday at 3:50 am ET.

Interactive Brokers is a platform that uses an alternative trading system known as IBEOS ATS to support trading activities. The expansion of trading hours has been made possible through a partnership with Blue Ocean Technologies. Additional liquidity for the overnight trading sessions will be offered by Blue Ocean ATS.

The overnight trading offering by Interactive Brokers will be accessible to clients across different jurisdictions, including Australia, Canada, India, Central and Western Europe. The offering is expected to give customers a convenient and seamless way of accessing investments.

The CEO of Interactive Brokers, Milan Galik, commented on the development, saying, “By extending Overnight Trading to thousands of US stocks and ETFs, our global clients have a greater choice of what and when to trade at almost any time. When clients choose Overnight Trading to place an order, the IB SmartRouting technology automatically routes the order to the optimal Overnight Trading destination.”

The CEO of Blue Ocean Technologies, Brian Hyndman, has said that Interactive Brokers has attained a global reach, making an ideal choice for this partnership. The executive added that the company was pleased to work with Interactive Brokers to achieve its goal of enabling investors to access the US markets despite their geographical location.

Interactive Brokers is not the only brokerage company that has increased its trading hours recently. Israeli-based trading firm, eToro, allows its users to access an extra three hours each day for trading a wide range of contracts-for-difference (CFD) stocks. According to the company, the additional trading hours will allow clients to respond to market-moving factors like the release of earnings reports.

Interactive Brokers’ focus on growth

Interactive Brokers has been making several strategic moves to serve its customers better and possibly increase customer numbers. The broker serves more than 150 markets globally. The company recently integrated retail brokerage and asset management company Darwinex to expand its offerings.

In June, Interactive Brokers announced it would give its clients access to investments in Czech and Danish stocks. Earlier this year, the broker unveiled algo trading in Taiwan and opened access to crypto trading in Hong Kong. It also unveiled shares lending to investors based in Australia. These offerings have allowed the company to grow its client numbers and expand its available services.