Firstrade, a commission-free online trading platform, has partnered with Blue Ocean Technologies to introduce overnight trading capabilities via Blue Ocean ATS.
“We will uphold the same high standards for overnight trading as we do for traditional market hours,” said Stephen Callahan, Trading Behavior Specialist at Firstrade.
“Execution prices and order fills will be timely and accurate—nothing less for our clients,” he told Traders Magazine.
Commenting on the partnership, Callahan said: “Blue Ocean Technologies is the perfect choice to join us in our mission to continually provide excellent customer service and trading opportunities for our clients.”
“Our partnership is based on a shared vision, with both Blue Ocean and Firstrade committed to delivering exceptional service for our clients,” he said.
Firstrade is scheduled to launch its overnight trading feature in the first quarter of 2025.
The hours will be from 8 PM to 4 AM EST, excluding weekends and holidays.
“We currently have a waitlist where clients can receive updates as we prepare to go live,” Callahan said.
“For now, only select listed stocks will be available for overnight trading,” he said.
“As the launch date approaches, we will take the same steps to inform our clients of any additional or specific risks, just as we do when offering extended hours trading or when providing options or margin trading,” he commented.
This integration enhances accessibility and ensures Firstrade clients can react to breaking news and global events in real time.
“Overnight trading will allow clients to capitalize on trading opportunities after hours,” Callahan said.
“We already provide top-notch news and research, and traders will be able to use these tools to pivot or adjust their strategies as they react to world events or breaking stories during off-hours,” he said.
“This flexibility will be a game changer, and the industry as a whole should take notice,” he added.
Also commenting on the partnership, Brian Hyndman, President and CEO of Blue Ocean Technologies, said: “We are thrilled to partner with Firstrade to bring overnight trading to their platform.”
“Our mission at Blue Ocean is to provide investors with opportunities to trade U.S. stocks at their own time, and this partnership with Firstrade aligns with our vision of a more connected and responsive trading ecosystem,” he said.
