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Blue Ocean Technologies has announced that it selected Eventus to provide trade surveillance across its after-hours equities trading platform, Blue Ocean ATS. The firm will deploy Eventus’ Validus platform, known for monitoring activity across equities and digital asset markets, to support its operational growth and market oversight needs.
Blue Ocean Technologies operates Blue Ocean ATS, an alternative trading system offering market participants access to U.S. equities from 8:00 PM to 4:00 AM Eastern Time. This timeframe extends trading opportunities to investors in the Asia-Pacific region and positions Blue Ocean as the first mover in establishing a near-24-hour market.
“We are uniquely positioned as the leader in the trade surveillance space”
Chris Meade, Chief Compliance Officer at Blue Ocean ATS, commented, “As the first after-hours trading platform to round out the 24-hour equities market, our mission is to continue providing subscribers an efficient marketplace to help them manage risk. To support our ongoing expansion, we rely on robust tools, effective safeguards, clear policies and strong surveillance measures, all critical elements of our ongoing risk controls and success.
Selecting the Validus solution will significantly increase our ability to monitor activity on the Blue Ocean ATS platform as a result of its comprehensive surveillance features and processes. Our ability to view what we need in a centralized, flexible and scalable fashion through Validus is essential functionality that serves our evolving and growing business.”
Blue Ocean’s decision to integrate Validus comes as the firm expands its platform and adapts its infrastructure to address the demands of trading outside regular hours. Eventus offers surveillance tools tailored to the operational challenges of 24/5 market activity, with capabilities to manage high volumes of data and deliver real-time alerts and analytics.
Travis Schwab, CEO of Eventus, said, “As the equities market increasingly moves toward a 24/5 model, we are uniquely positioned as the leader in the trade surveillance space to support marketplaces and market participants in this important evolution. We’re thrilled that Blue Ocean – which has forged a new path as a first mover for subscribers to experience reliability, transparency and best execution in the after-hours session – has chosen to rely on our firm for protecting the integrity of its markets.”
Eventus’ Validus solution is deployed by exchanges, banks, broker-dealers and market operators globally. Its architecture allows for a range of customization options while maintaining performance across different asset classes. For Blue Ocean, these capabilities will play a key role in ensuring that trade activity during the extended hours remains orderly, compliant and observable.
The decision follows broader momentum around 24/5 equities trading. In an Eventus article titled Trade Surveillance After Hours: Preparing for 24/5 Equities Trading, Martina Rejsjo, Vice President of Product Management, wrote that surveilling this type of market environment “requires new thresholds, procedures, staffing models and more – and surveillance systems must be adaptable to meet these challenges.”
Blue Ocean ATS went live in 2021 and has since grown its market share among institutional traders seeking access to U.S. markets outside traditional trading hours. It now plays a growing role in bridging U.S. and Asia-Pacific financial markets, with participants including broker-dealers and institutional investors routing orders through partner systems.
Eventus, based in the U.S., has continued to expand its client base across multiple jurisdictions and asset classes. Its technology is in use for market monitoring in equities, futures, options and digital assets, and has been recognized in industry rankings for its performance, configurability and reliability.
As Blue Ocean ATS adds more participants and possibly new products, the Validus platform is expected to support scalability while addressing regulatory expectations. The partnership between the two companies highlights the infrastructure development taking place behind the shift to 24-hour trading and the growing importance of comprehensive surveillance coverage.
