Leading market operator OTC Markets Group Inc. (OTCQX:OTCM) has launched MOON ATS™, a new platform designed to enable trading in National Market System (NMS) securities during overnight sessions.
The company has completed the necessary regulatory filings with the US Securities and Exchange Commission (SEC), with the goal of further broadening access for broker-dealer subscribers to both over-the-counter (OTC) equities and exchange-listed NMS securities.
Offering more flexible trading options
OTC Markets says its MOON ATS caters to global investors, particularly those in the Asia-Pacific (APAC) region, by aligning trading hours with local daytime schedules.
US investors will also benefit according to the company, with trading available during late evening and early morning hours.
Eligible securities can be traded from 8 pm to 4 am Eastern Time, Sunday through Thursday, while APAC market hours operate from 8 am to 4 pm UTC+8, Monday to Friday.
The launch comes amid rising demand for global securities priced in US dollars and increased interest in overnight trading.
“America’s capital markets are the centre of the financial world. OTC Markets executive vice president of market data Matt Fuchs said.
“We are excited to launch more opportunities for global investors to trade a range of stocks through US broker-dealers.
“We believe we bring a unique value proposition by utilising our mission-critical infrastructure to serve clients in a new market that is poised for significant growth.”
OTC Markets Group operates three public markets — OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market — covering more than 12,000 US and international securities.