Blue Ocean Technologies joins forces with MEMX for ATS trading

January 26, 2024
1 min read

TLDR: Blue Ocean Technologies has partnered with Members Exchange (MEMX) to support its global trading platform. MEMX will serve as the technology partner for Blue Ocean’s ATS platform. The implementation of the technology is expected to be completed by the end of Q1 2024. Blue Ocean plans to use MEMX’s low latency platform to launch new market centers and upgrade existing technology.

Blue Ocean Technologies (BOT) and Members Exchange (MEMX) have entered into a technology partnership where MEMX’s market-as-a-service trading system will operate Blue Ocean’s ATS global trading platform. The implementation of the technology is expected to be completed by the end of Q1 2024. Users of the platform will have the ability to launch new market centers or upgrade their existing technology to MEMX’s low latency platform. Blue Ocean hopes that this partnership will drive its platform to new heights and help achieve its 2024 goals.

Blue Ocean Technologies expanded its presence in the Asia-Pacific region last year with a focus on extending its trading model. With partnerships in South Korea, Hong Kong, and Japan, Blue Ocean is aiming to support international investors seeking broader access to US equities. This partnership with MEMX is part of Blue Ocean’s strategy to expand globally.

MEMX launched its platform for trading listed options in September 2023 after receiving approval from the Securities and Exchange Commission. The exchange offers traders passive and active risk management capabilities and builds off its existing equities exchange. MEMX’s best-in-class technology is expected to enhance Blue Ocean’s operations during a time of global growth.

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