DriveWealth Boosts 24-Hour Trading Capabilities Through Strategic OTC Markets Partnership

DriveWealth Boosts 24-Hour Trading Capabilities Through Strategic OTC Markets Partnership

DriveWealth, a prominent player in the FinTech industry known for its innovative Brokerage-as-a-Service, is set to enhance its overnight trading capabilities significantly. This advancement comes through a strategic partnership with OTC Markets Group, which aims to streamline investor order routing by leveraging pricing data from multiple overnight trading venues.

Launch of Enhanced Overnight Trading Service

Scheduled for release in March, the new service will allow DriveWealth to utilize real-time pricing and liquidity metrics. This integration is designed to simplify the transition of unexecuted orders from overnight venues to traditional market centers as the U.S. pre-market session commences.

Key Features of the Collaboration

  • Efficient Order Routing: Enhanced capabilities to analyze pricing across various overnight venues.
  • Real-Time Pricing: Integration of real-time pricing and liquidity for better trading decisions.
  • Seamless Transition: Management of unexecuted orders to ensure continuity when the pre-market opens.

Expanding Global Access

With the incorporation of OTC Markets’ MOON ATS, DriveWealth aims to broaden its overnight market access, facilitating trading for all NMS securities. According to DriveWealth’s CEO, Michael Blaugrund, this partnership is crucial for global partners, especially those in Asia, who wish to invest in U.S. companies around the clock.

Insights from Leadership

Blaugrund remarked, “DriveWealth’s global partners seek a solution that combines convenience, immediacy, and simplicity. The addition of MOON ATS to our brokerage platform will enhance access to multiple overnight execution venues with a single order.”

OTC Markets Group also highlighted the significance of this collaboration. President and CEO Cromwell Coulson stated, “The expansion of DriveWealth’s capabilities into Asia-Pacific markets will unlock new opportunities for investors in this region.”

READ ALSO  Socure Expands Its Portfolio: $136M Acquisition of Effectiv

Significance of the Partnership

This partnership marks a pivotal moment for DriveWealth, positioning it as a critical broker connected to various overnight trading venues. OTC Markets Group processes over 100,000 trades daily and handles approximately 120 million quotes, serving both individual and institutional investors.

With the MOON ATS platform, the collaboration promises to deliver redundancy and scalability, ensuring that investors can trade a wide range of stocks at any time and from anywhere in the world.

For more information on DriveWealth’s services, visit their official site at DriveWealth.

Similar Posts

OnPay Raises $100 Million to Revolutionize Payroll and HR Solutions for Small Businesses

OnPay Raises $100 Million to Revolutionize Payroll and HR Solutions for Small Businesses

Bysupport

OnPay, an Atlanta-based payroll, HR, and benefits platform, has raised over $100 million in funding, including $63 million in Series B funding led by Carrick Capital Partners. The capital will be used to enhance the OnPay platform, expand partnerships, improve customer support, and broaden service offerings for small and mid-sized businesses. CEO Jesse Burgess highlighted the funding’s significance in delivering more value to clients, while Carrick Capital’s Co-CEO Jim Madden praised OnPay’s strong product and service model. FT Partners served as the financial advisor for this funding round. For more information, visit OnPay.com.

Unlocking Success: How Wealth Advisors Can Leverage Personalized Data and Client-Centric Tools to Stay Relevant

Unlocking Success: How Wealth Advisors Can Leverage Personalized Data and Client-Centric Tools to Stay Relevant

Bysupport

In the evolving wealth management landscape, advisors must adapt to industry changes and anticipate client needs. A recent LSEG report emphasizes a client-centric approach, highlighting that 68% of clients value a comprehensive view of their assets. Advisors need to leverage data-driven insights and technology to deliver timely, personalized advice. The Advisor Dashboard by LSEG aids this by providing essential data and insights to enhance client interactions. With 61% of wealth managers prioritizing personalized analytics, firms must utilize cost-effective technology solutions to improve productivity and foster long-term, value-driven client relationships in a competitive environment.

Unlocking ESG Excellence: How Greenomy's B Corp Certification Elevates Corporate Responsibility

Unlocking ESG Excellence: How Greenomy’s B Corp Certification Elevates Corporate Responsibility

Bysupport

Greenomy, a leader in ESG reporting solutions, has achieved B Corporation certification, reflecting its commitment to positive change and enhanced ESG practices. The certification, awarded by B Lab, highlights Greenomy’s compliance with rigorous standards in governance, community involvement, and environmental stewardship, earning a score of 107.3. The company has legally committed to prioritizing purpose alongside profit and must renew this commitment every three years. Greenomy aims to democratize ESG knowledge through its free Greenomy Academy, while focusing on community involvement, diversity, and employee development. CEO Alexander Stevens emphasizes the certification as a mandate for driving sustainable economic transformation.

Mastering CRS 2026: Key Insights into Enhanced Reporting Requirements

Mastering CRS 2026: Key Insights into Enhanced Reporting Requirements

Bysupport

The Common Reporting Standard (CRS), initiated by the OECD in 2014, will undergo significant revisions starting January 1, 2026, to tackle challenges like tax evasion and digital currencies. Key amendments include the inclusion of electronic money and Central Bank Digital Currencies (CBDCs), expanded definitions for investment entities, and new reporting requirements for financial institutions. These changes necessitate upgrades to IT systems and client documentation to comply with enhanced Anti-Money Laundering (AML) and Know Your Customer (KYC) practices. The revisions aim to align with other international tax frameworks, ensuring a cohesive approach to digital asset reporting.

Trustly Teams Up with Spreedly to Boost Pay by Bank Adoption Across the US

Trustly Teams Up with Spreedly to Boost Pay by Bank Adoption Across the US

Bysupport

Trustly, a leading provider of Pay by Bank solutions, has partnered with Spreedly, an Open Payments platform, to enhance payment efficiency and conversion rates for merchants globally. This collaboration will integrate Trustly’s services into Spreedly’s platform, streamlining transactions and improving authorization success rates. Key benefits include enhanced payment flexibility, actionable data insights, and improved security through proprietary bank connectors and a patented risk engine. Industry leaders from both companies emphasize the partnership’s potential to create a unified payments experience, meeting the increasing demand for efficient, data-driven payment solutions in the market.

nbkc Bank Enhances Customer Experience by Joining Atleos' Allpoint Network

nbkc Bank Enhances Customer Experience by Joining Atleos’ Allpoint Network

Bysupport

NCR Atleos Corporation has partnered with nbkc bank, which has assets of $1.1 billion, to enhance banking accessibility through the Allpoint Network. This collaboration will provide nbkc customers with surcharge-free access to over 55,000 ATMs and cash deposit capabilities at more than 3,000 locations nationwide. Melissa Eggleston, nbkc’s Chief Deposit and Operations Officer, highlighted the initiative’s goal to improve customer experiences through technology. Steven Nogalo, General Manager of North America for Atleos, noted that the partnership expands financial access and efficiency for customers. This move reflects a trend towards more convenient, technology-driven banking solutions.