Bruce ATS™ Launch: A New Era for Overnight Trading
PEAK6 Investments has officially announced its plans to launch the Bruce ATS™, a new alternative trading system, aiming to reshape the overnight trading landscape. This innovative platform, which awaits regulatory approval, will provide investors with secure access to U.S. markets after traditional trading hours, utilizing state-of-the-art Nasdaq technology to ensure efficient and fair trading.
Rooted in the insights from industry veterans and early adopters, Bruce ATS™ addresses the growing demand for extended trading opportunities. The founding team of the system includes seasoned professionals with extensive trading experience, ensuring that advanced technologies are applied to enhance trading convenience for users.
Bill Capuzzi, partner at PEAK6 and CEO of Apex Fintech Solutions, stated, "The launch of the Bruce ATS™ revolutionizes the trading ecosystem. With decades of industry experience and a proven reputation for reliability, we are fulfilling today’s investors’ needs while setting a new standard for market convenience. We are dedicated to opening new avenues for investors, enabling them to engage seamlessly with market fluctuations anytime, anywhere."
Expected to be available for trading from Sunday to Thursday, between 8 PM to 4 AM EST, Bruce ATS™ will likely expand its operational hours in the future. The platform promises several key features:
- - Efficient and Reliable Trading Platform
- - Optimized Access through Proven API Interfaces for managing orders and market data
- - Expertise in Corporate Action Management to reduce order cancellations and minimize trading errors.
Magnus Haglind, Nasdaq’s Senior Vice President of Market Technology, expressed excitement about the upcoming collaboration with Bruce ATS™, stating, "There is a growing global interest in extended trading hours, and we are thrilled to be working with Bruce ATS™ to create and develop this important market. Our trading technology has long supported 24/7 trading across digital asset markets, and we are pleased to expand this service across a wider range of asset classes."
Bruce ATS™ not only expands trading hours but also enhances accessibility for investors worldwide. This includes:
- - Access to U.S. markets during morning hours for investors in cities like Mumbai, Beijing, and Seoul.
- - Attracting a diverse range of investors, satisfying the demand for unconventional trading hours, which are particularly appealing to new market entrants.
- - Meeting the expectations of cryptocurrency traders transitioning to traditional securities investments with round-the-clock availability.
Connor Coughlin, Chief Commercial Officer of Apex Fintech Solutions, added, "The seamless integration with Apex Fintech Solutions will provide users with a powerful and user-friendly trading environment. Starting with the launch of Bruce, Apex clients will gain access to this innovative trading platform from day one, demonstrating our commitment to offering cutting-edge financial solutions that enhance trading accessibility and flexibility."
Once regulatory approvals are secured, Bruce ATS™ is poised to set a new benchmark for after-hours trading, leveraging its deep industry expertise in brokerage services, clearing, corporate actions, and compliance, all supported by the trusted capacity of established organizations capable of handling extensive trading volumes.
Bruce Markets LLC, the operator behind Bruce ATS™, is a registered broker-dealer and a member of both FINRA and SIPC. Pending regulatory approval, Bruce intends to operate an Alternative Trading System (ATS) designed to provide liquidity management and execution services for stocks under the National Market System (NMS) from 8 PM to 4 AM EST. A FINRA BrokerCheck report for Bruce ATS is accessible at https://brokercheck.finra.org/firm/summary/300209.
About PEAK6
PEAK6 harnesses technology to discover more optimal ways to execute tasks. Its first technological solution, launched in 1997, focused on enhancing options trading, a model that has been employed across various industries, asset classes, and stages of business over the last two decades. Currently, PEAK6 seeks transformative opportunities to deliver capital and strategic support to visionary entrepreneurs and enterprises.
Key brands under PEAK6 include PEAK6 Capital Management, PEAK6 Strategic Capital, Apex Fintech Solutions, We Insure, FOCUS, Zogo, Evil Geniuses, and Poker Power. Apex Fintech Solutions is owned by PEAK6 Investments and its affiliates.