Blue Ocean Technologies Chooses Eventus for Enhanced Trade Surveillance Solutions

In a groundbreaking move for the capital markets, Blue Ocean Technologies has announced its partnership with Eventus, a premier provider of comprehensive trade surveillance and financial risk management solutions. This partnership signifies Blue Ocean ATS's commitment to bolstering the integrity and efficiency of its trading platform by adopting the Validus solution for trade surveillance.

Creating a 24-Hour Trading Environment

As the first after-hours equities trading platform, Blue Ocean ATS operates during a unique window, facilitating trades from 8 PM to 4 AM ET. This service model has allowed the platform to provide a much-needed solution for investors looking to engage in trading outside of traditional hours. However, operating during this unconventional timeline presents distinct challenges, particularly concerning risk management and trading surveillance.

Chris Meade, Chief Compliance Officer of Blue Ocean ATS, highlighted the necessity for robust mechanisms to protect business integrity. “As a pioneering trading venue, it is imperative that we maintain effective safeguards and stringent surveillance measures as part of our risk control strategy,” he remarked. The selection of the Validus platform is expected to significantly enhance Blue Ocean’s capacity to monitor trading activities, utilizing its sophisticated surveillance features for comprehensive oversight.

The Validus Advantage

The Validus platform is not just a trade surveillance tool; it’s engineered to manage large volumes of data and facilitate meaningful analytics. By centralizing operations, Blue Ocean Technologies aims to streamline compliance processes and empower informed decision-making based on extensive analytics. This solution will be crucial as Blue Ocean continues to evolve and respond to the dynamic nature of trading in a 24/5 market.

Travis Schwab, CEO of Eventus, expressed enthusiasm about this partnership, stating, “We are uniquely positioned as the leader in trade surveillance to assist marketplaces and participants in navigating the complexities of a round-the-clock trading environment.” This complements Blue Ocean’s mission to provide its subscribers with a reliable, transparent, and optimal trading experience.

Future of Trading Surveillance

As the landscape of trading evolves with the introduction of a 24/5 market model, the capabilities of surveillance systems must also advance. In a recent article by Eventus's Vice President of Product Management, Martina Rejsjo, the need for new benchmarks, procedures, and tools for surveillance was emphasized. She noted that adapting to the demands of a continuously operating market requires innovative thinking and agile systems.

Eventus's Validus platform stands out for its ability to adapt swiftly to varying market conditions, a crucial feature that Blue Ocean Technologies aims to leverage. With a focus on scalability and flexibility, the platform will empower Blue Ocean ATS to meet its evolving surveillance needs while ensuring compliance with regulatory standards across different asset classes.

About Eventus

Eventus has established a reputation for excellence in the fintech realm, providing award-winning trade surveillance software that caters to a multitude of asset classes, including equities and digital assets. The Validus platform has proven its efficacy within high-volume and real-time environments, widely adopted by banks, broker-dealers, and regulators alike.

About Blue Ocean Technologies

Founded in 2019, Blue Ocean Technologies, LLC is a capital markets fintech company aiming to reshape how trading is conducted in the U.S. By enabling traders to operate during overnight hours, Blue Ocean ATS has set a precedent for after-hours trading and continues to advocate for a more global approach to trading. Their flagship service, Blue Ocean Session, offers unmatched access and clarity for investors across all time zones.

With this promising partnership, both Blue Ocean Technologies and Eventus stand poised to drive significant advancements in the realm of trade surveillance, enhancing efficiency and transparency in global financial markets.