T0 (T zero), a distributed ledger-based trading platform, announced on Thursday that it has acquired the assets of Blue Ocean Financial Technology to launch a new trading platform for after-hours trading of U.S.-listed securities.
Blue Ocean Technologies will offer a transparent, electronic marketplace to trade U.S.-listed securities during non-U.S. trading hours, according to a statement from t0.
"Blue Ocean Technologies will provide investors in the rapidly growing Asian region with an avenue to execute U.S. equities during their usual business hours," t0 President Joe Cammarata said in the statement. "This concept is the first of its kind, and has already attracted the attention of several large market-making clients to provide daily liquidity within our platform."
T0 is a subsidiary of Overstock.com. In December, Overstock used t0's distributed ledger platform to issue securities.
On Wednesday, Ascensus announced technology enhancements that include a redesigned corporate website, and retirement plan and participant websites.
The corporate website was redesigned to make it easier for users to find information; retirement plan updates will be rolled out at the end of the first quarter.
"The new Ascensus.com is just the first in a series of enhancements that we're excited to provide to both current and prospective clients," Bob Guillocheau, CEO and president of Ascensus, said in a statement. "All of us at Ascensus are looking forward to what we plan to accomplish in 2017 as our company continues to grow."
Advisor Group, a network of advisory firms that includes SagePoint Financial, FSC Securities Corporation, Woodbury Financial and Royal Alliance, announced on Tuesday that it is launching a digital education platform along with pricing improvements to its brokerage and advisory platforms.
