Sterling
Trading Tech has introduced overnight global trading for most Wall Street-listed shares, allowing retail and institutional clients to access US stocks 24 hours a day, 5 days a week.
The move,
enabled through Sterling’s Order Management System (OMS) and Blue Ocean ATS,
significantly broadens market access for traders worldwide, including those in
regions where US market hours previously posed a barrier.
The
expansion enables more retail traders to participate in the US equity markets outside of regular trading hours, capitalizing on news and events as they unfold in real-time. Sterling’s integration with Blue Ocean ATS, a
FINRA-registered alternative trading system, lets clients trade US-listed
stocks between 8:00 p.m. and 4:00 a.m. Eastern Time, Sunday through Thursday.
This
overnight session bridges the gap between the close of the US markets and their
reopening, offering an “exchange-like” experience with electronic order
delivery and live data feeds.
This is
especially important not only for domestic traders but also for international
ones, where time zone differences can make it difficult to participate in Wall
Street sessions. A prime example is the move by Japan’s Rakuten Securities, which
invested in 24X to offer 24-hour U.S. stock trading.
Jennifer Nayar, Sterling’s CEO.
“We are
committed to providing our clients with global access to US equities, now
extending into overnight hours,” Jen Nayar, President & CEO of Sterling
Trading Tech, commented. “These enhancements enable our clients to confidently
navigate today’s volatile and complex global markets.”
The move
comes shortly after the company hired former
CME executive Julie Armstrong to lead its growth strategy. At the same
time, the trading solutions provider is expanding its Risk & Margin service
to
include fixed income instruments.
New York Stock Exchange
and Nasdaq Shares
The latest
product offering concerns trading in U.S. National Market System (NMS)
equities . These refer to stocks listed on major American exchanges, such as the
New York Stock Exchange and Nasdaq.
The NMS is
a regulatory framework designed to ensure transparency, fair pricing, and
efficient trade execution across all US equity markets. It consolidates price
quotations and trade reporting, helping create a level playing field for all
participants.
Through
Sterling OMS, clients can now not only place trades overnight but also benefit
from direct routing to Blue Ocean ATS and real-time market data. The company
has also enhanced its API offerings, allowing for automated margin rate
adjustments to reflect the risks associated with overnight trading.
Sterling’s
broader technology suite supports trading across multiple asset classes,
including international equities, options, futures, fixed income, mutual funds,
foreign exchange, and cryptocurrencies . The firm serves over 100 clients in
more than 20 countries, including brokers, clearing firms, and proprietary
trading groups.
Traders Don’t Want
Eight-Hour Sessions
International
demand for greater access to U.S. equities is prompting exchanges and brokers
to expand trading beyond traditional Wall Street hours. Pressure has
intensified amid data showing that companies like Tesla derive up to 90% of
their trading gains outside
regular market sessions.
Charles
Schwab has
responded by offering 24-hour trading on select instruments for retail
clients, while Nasdaq
is preparing to extend its operations to a full 24-hour cycle, moving
beyond its current 8-hour window.
The New
York Stock Exchange is also pursuing longer trading hours, with plans announced
in October 2024 to
introduce a 22-hour session.
Investors
in Asia have been particularly vocal, noting the challenges of participating in
U.S. markets during nighttime in their regions. A shift toward continuous
trading could ease such burdens, though concerns around liquidity during
off-peak hours persist.
Sterling
Trading Tech has introduced overnight global trading for most Wall Street-listed shares, allowing retail and institutional clients to access US stocks 24 hours a day, 5 days a week.
The move,
enabled through Sterling’s Order Management System (OMS) and Blue Ocean ATS,
significantly broadens market access for traders worldwide, including those in
regions where US market hours previously posed a barrier.
The
expansion enables more retail traders to participate in the US equity markets outside of regular trading hours, capitalizing on news and events as they unfold in real-time. Sterling’s integration with Blue Ocean ATS, a
FINRA-registered alternative trading system, lets clients trade US-listed
stocks between 8:00 p.m. and 4:00 a.m. Eastern Time, Sunday through Thursday.
This
overnight session bridges the gap between the close of the US markets and their
reopening, offering an “exchange-like” experience with electronic order
delivery and live data feeds.
This is
especially important not only for domestic traders but also for international
ones, where time zone differences can make it difficult to participate in Wall
Street sessions. A prime example is the move by Japan’s Rakuten Securities, which
invested in 24X to offer 24-hour U.S. stock trading.
Jennifer Nayar, Sterling’s CEO.
“We are
committed to providing our clients with global access to US equities, now
extending into overnight hours,” Jen Nayar, President & CEO of Sterling
Trading Tech, commented. “These enhancements enable our clients to confidently
navigate today’s volatile and complex global markets.”
The move
comes shortly after the company hired former
CME executive Julie Armstrong to lead its growth strategy. At the same
time, the trading solutions provider is expanding its Risk & Margin service
to
include fixed income instruments.
New York Stock Exchange
and Nasdaq Shares
The latest
product offering concerns trading in U.S. National Market System (NMS)
equities . These refer to stocks listed on major American exchanges, such as the
New York Stock Exchange and Nasdaq.
The NMS is
a regulatory framework designed to ensure transparency, fair pricing, and
efficient trade execution across all US equity markets. It consolidates price
quotations and trade reporting, helping create a level playing field for all
participants.
Through
Sterling OMS, clients can now not only place trades overnight but also benefit
from direct routing to Blue Ocean ATS and real-time market data. The company
has also enhanced its API offerings, allowing for automated margin rate
adjustments to reflect the risks associated with overnight trading.
Sterling’s
broader technology suite supports trading across multiple asset classes,
including international equities, options, futures, fixed income, mutual funds,
foreign exchange, and cryptocurrencies . The firm serves over 100 clients in
more than 20 countries, including brokers, clearing firms, and proprietary
trading groups.
Traders Don’t Want
Eight-Hour Sessions
International
demand for greater access to U.S. equities is prompting exchanges and brokers
to expand trading beyond traditional Wall Street hours. Pressure has
intensified amid data showing that companies like Tesla derive up to 90% of
their trading gains outside
regular market sessions.
Charles
Schwab has
responded by offering 24-hour trading on select instruments for retail
clients, while Nasdaq
is preparing to extend its operations to a full 24-hour cycle, moving
beyond its current 8-hour window.
The New
York Stock Exchange is also pursuing longer trading hours, with plans announced
in October 2024 to
introduce a 22-hour session.
Investors
in Asia have been particularly vocal, noting the challenges of participating in
U.S. markets during nighttime in their regions. A shift toward continuous
trading could ease such burdens, though concerns around liquidity during
off-peak hours persist.
Feed from Financemagnates.com