Electronic trading platform Interactive Brokers has expanded its overnight trading services to encompass a selection of 10,000 stocks and exchange-traded funds (ETFs) listed in the United States. This expansion enables clients to trade a wider range of US equities nearly 24 hours a day, five days a week.
Milan Galik, Chief Executive Officer at Interactive Brokers, said:
Overnight Trading is an important service that helps our clients make timely trading decisions and capture investment opportunities around the clock. By extending Overnight Trading to thousands of US stocks and ETFs, our global clients have a greater choice of what and when to trade at almost any time. When clients choose Overnight Trading to place an order, the IB SmartRoutingSM technology automatically routes the order to the optimal Overnight Trading destination.
With the extended overnight trading hours of the American brokerage, it now operates between 8:00 pm ET to 3:50 am ET, Sunday through Friday. The overnight trading sessions commence on Sunday at 8:00 pm ET and conclude on Friday at 3:50 am ET.
To process clients’ trades during these hours, Interactive Brokers utilizes its own alternative trading system (ATS), known as IBEOS ATS. To further enhance liquidity in the overnight trading market, the brokerage has forged a strategic alliance with Blue Ocean Technologies, a reputable provider of after-hours capital markets infrastructure.Through this collaboration, Interactive Brokers gains access to additional liquidity from Blue Ocean ATS.
Brian Hyndman, CEO of Blue Ocean Technologies, added:
Interactive Brokers is the perfect broker for us to connect to because of their global footprint and commitment to market access for investors worldwide. We are pleased to collaborate with Interactive Brokers and help further our mission to give investors the ability to trade US markets regardless of their time zone.
