Overnight Trading Revolution: OTC Markets Group Unveils MOON ATS™ Platform

November 21, 2024 02:08 PM AEDT | By Team Kalkine Media

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Overnight Trading Revolution: OTC Markets Group Unveils MOON ATS™ Platform — Image source: shutterstock

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Highlights

OTC Markets Group launches MOON ATS™ to enable overnight trading.

Platform aligns with Asia-Pacific and US investors' trading schedules.

Operates during extended hours to cater to rising global trading demand.

OTC Markets Group, a prominent market operator, has introduced MOON ATS™, a trading platform designed to facilitate transactions in National Market System (NMS) securities during overnight trading hours. This innovative platform aims to address the growing demand for trading flexibility among global investors.

The launch of MOON ATS™ comes after the company completed regulatory filings with the US Securities and Exchange Commission (SEC). This step ensures compliance and opens doors for broker-dealer subscribers to trade a broader range of securities, including over-the-counter (OTC) equities and NMS-listed securities.

Catering to Global Investors

The MOON ATS™ platform has been designed to align with the trading hours of the Asia-Pacific (APAC) region, offering a synchronized trading experience for international participants. It also extends trading opportunities for US-based investors by operating during late evening and early morning hours, making the platform versatile for a diverse investor base.

Eligible securities can be traded from 8 p.m. to 4 a.m. Eastern Time, Sunday through Thursday. For APAC markets, trading runs from 8 a.m. to 4 p.m. UTC+8, Monday through Friday. This extended accessibility bridges time zone gaps, fostering a seamless trading experience for participants globally.

Meeting the Growing Demand for Flexibility

The introduction of MOON ATS™ reflects rising interest in global securities priced in US dollars and the increasing significance of overnight trading. The platform caters to the needs of investors seeking diversified trading options, particularly in light of evolving market dynamics.

OTC Markets Group has emphasized the strategic value of this platform. Matt Fuchs, the executive vice president of market data at the company, highlighted its potential to transform the trading landscape. Fuchs noted that the platform leverages robust infrastructure to deliver enhanced value for investors.

Broader Market Coverage

OTC Markets Group, known for its three-tiered public markets—OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open Market—continues to expand its offerings. The group provides access to over 12,000 securities across the US and international markets, reinforcing its role as a pivotal player in global trading.

The MOON ATS™ launch underscores the company's commitment to innovation and aligns with the increasing globalization of financial markets, setting a new standard for overnight trading efficiency.

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