- Web3 faces prolonged limitations in accessing securities prices in real time
- The partnership offers a vital source of data pricing for the DeFi space
Blue Ocean Technologies, the parent company of Alternative Trading System, Blue Ocean ATS, has joined forces with dxFeed, an industry leader in market data solutions, to create a trailblazing around-the-clock data feed for US equities, Bankless Times learned from a press release.
24/7 equity trading capability
dxFeed also provides index management for the global financial industry. The groundbreaking collaboration offers its clients licensed and suggestive license-free access to market data around the clock, providing 24/7 trading capability for US equities.
Overcoming Web3 limitations
The enhanced trading window is expected to impact the dynamically developing Web3 ecosystem dramatically. Being active and available around the clock, Web3 faces prolonged limitations in accessing securities prices in real time, because these prices tend to be tied to traditional market operating hours.
Blue Ocean and dxFeed's partnership aims to fill this gap, offering a vital source of data pricing for the DeFi (Decentralized Finance) space. It will ensure the continuous flow of underlying information.
Impressive Asian market growth
Blue Ocean has already experienced impressive growth in Asian markets, where daytime business hours and extended trading hours overlap. This has rendered Blue Ocean the first port of call after the weekend in terms of opening for US equities. It has become a key platform for traders to react to weekend news rapidly.
John Willock, Head of Strategy of Blue Ocean Technologies commented:
Blue Ocean is proud to be at the forefront of this transformative initiative, extending trading hours and increasing transparency. We believe this partnership with dxFeed will have a far-reaching impact on how market participants access and utilize US equities data.
Dmitrii Parilov, Managing Director at dxFeed added:
We are thrilled to partner with Blue Ocean to create this innovative 24/5 data feed for US Stocks. This collaboration not only enhances our ability to serve our clients but also contributes to the broader financial ecosystem by providing continuous access to vital market data.
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