Exegy to Connect After-hours ATSs Through Overnight Consolidated Feed

Market data and technology provider Exegy is set to launch an overnight best bid and offer (OBBO) consolidated feed connecting Blue Ocean, Bruce and MOON’s alternative trading systems (ATS), marking an industry first, according to a story in The Trade news. By linking all three of the after-hours ATSs, the new offering is expected to allow market participants to capture liquidity currently not accessible on traditional exchange feeds outside of normal trading hours, to address a structural gap in overnight markets.  In addition, clients using the new functionality will be able to perform best price discovery with ease, with the consolidated feed set to provide real-time information on the best price for a specific security instrument, instead of requiring clients to carry out their own calculations.  Arnaud Derasse, chief technology officer at Exegy, explained: “As participants continue operating across time zones, we are seeing major interest towards extended or after-hours trading venues.  The addition of these three ATSs, along with the Exegy live calculated OBBO, will enrich the consolidated market data our clients have access to via Axiom, providing them with a more complete market view with simplified overnight best price discovery.” Market data access to these ATSs will be available through Exegy’s data-as-a-service solution, Axiom, which currently offers connectivity only to Blue Ocean ATS, with the other two set to follow.  The live calculated OBBO is set to launch in 1Q 2026.