Nasdaq Partners with Bruce ATS for Overnight Trading Data

Nasdaq and Bruce Markets have entered a new data partnership through which Nasdaq will exclusively distribute Bruce Alternative Trading System (ATS) market data. The collaboration marks a major development in after-hours trading, enabling market participants to access Bruce ATS data through existing Nasdaq connections overnight in the United States according to a story in MarketsMedia news. The partnership evolved naturally from an existing relationship between the two companies. Bruce ATS utilizes Nasdaq’s market technology to power its trading system, through a collaboration announced last year. This foundation made expanding their collaboration into data distribution a logical next step. Market demand for extended trading hours has grown significantly, particularly from the Asia-Pacific region where investors want to trade U.S. equities during their daytime hours. This desire for reliable overnight trading data has also become more pronounced in Europe and the United States in recent months. As part of the new data venture, Nasdaq will leverage its extensive global distribution network to deliver Bruce ATS data to various stakeholders throughout the financial ecosystem. These include retail brokers, market makers and trading firms needing real-time bid and offer information.