Blue Ocean Technologies Selects MEMX as Technology Partner

Blue Ocean Technologies, a capital markets fintech leader in global afterhours trading, and MEMX, a market operator founded by a diverse group of participants to benefit all investors, announced they have reached an agreement for a technology partnership. As part of the arrangement, MEMX will provide BOT its market-as-a-service trading system to operate the Blue Ocean ATS global trading platform. The technology will be implemented by the end of Q1 2024. Licensing the same technology that powers MEMX's US equity and options exchanges, market technology clients can quickly launch new market centers or upgrade their existing technology to MEMX's high performance, low latency, deterministic platform. MEMXs technology platform is asset class agnostic, decoupling transaction, data and messaging from any implementation specific business constructs or logic while supporting client defined operating hours and market sessions.