Blue Ocean Technologies and TSE Enter into Technology Partnership

Blue Ocean Technologies (BOT), a unique capital markets Fintech focused on global after-hours trading, and MEMX, a market operator founded by a diverse group of participants to benefit all investors, have reached an agreement for a technology partnership.

According to the arrangement, by the end of Q1 2024, BOT will integrate MEMX's state-of-the-art market-as-a-service trading system into the Blue Ocean ATS global trading platform, enhancing its operational capabilities.

Matthew Horisk, Chief Information and Operating Officer at BOT, stated: "As we continue our global trading evolution, we are delighted to see the Blue Ocean electronic trading mission adopted across borders. The growth in our volume this year has validated our business model and has led us to today's exciting technology partnership with MEMX, which will help drive our platform to new heights. MEMX's next generation trading system offers resilience and redundancies for a new level of trading innovation needed to implement our 2024 goals. It is a pleasure to work with experienced and like-minded industry veterans that share in our vision of providing investors new trading benefits and opportunities despite their geographic location."

Jonathan Kellner, CEO at MEMX, stated: "We are delighted to have been selected as Blue Ocean's technology partner. Our recently launched market technology business is yet another way in which MEMX seeks to improve the trading experience for all market participants, and the rapid growth of this business validates an industry-wide need for this offering. We believe that MEMX's best-in-class technology will be highly additive to Blue Ocean's operations and look forward to working with them in this exciting time of global growth."

Apart from MEMX, BOT has expanded its network of partners with new collaborations with various financial services organization and fintech firms over the past year, including dxFeed, QUODD​, Tokyo Stock Exchange (TSE), S3, RQD Clearing, and Intercontinental Exchange (ICE)​.