Webull Launches Consolidated Market Data Feed for Overnight Trading

Rhea-AI Summary

Webull (NASDAQ: BULL) launched a consolidated market data feed for overnight U.S. equities trading on Feb 11, 2026, combining real-time quotes and depth from Blue Ocean and Bruce Markets into a single view.

The feed offers a free synthetic BBO top-of-book and a $4.99/month Level 2 subscription, is available in 11 of 14 Webull markets today, and aims to improve overnight price transparency and liquidity visibility for global active traders.

Positive

• Consolidated real-time data from Blue Ocean and Bruce Markets
• Free synthetic BBO top-of-book available to users
• $4.99/month Level 2 subscription for full order book
• Available in 11 of 14 Webull markets at launch

Negative

• Order routing remains unchanged; execution fragmentation may persist
• Not available in 3 Webull markets at launch
• Product targets active overnight traders, limiting immediate mass-market impact

Key Figures

Price change: -2.21% 52-week range: $5.78–$79.56 Price vs 52-week high: -91.65% +5 more

8 metrics

Price change -2.21% Pre-news 24h move

52-week range $5.78–$79.56 Low and high before this news

Price vs 52-week high -91.65% Distance from 52-week high pre-news

Markets with access 11 of 14 markets Consolidated overnight data feed availability

Subscription price $4.99 per month Level 2 full order book overnight data

Free data level Synthetic BBO top of book Included in consolidated overnight feed

Trading session 24/5 U.S. equities Overnight trading context referenced in article

Market cap $3,407,336,289 Pre-news valuation

Market Reality Check

Price: $6.24 Vol: Volume 6,774,765 is at 0....

low vol

$6.24 Last Close

Volume Volume 6,774,765 is at 0.62x the 20-day average of 10,973,714, indicating lighter-than-normal trading before this news. low

Technical Shares traded below the 200-day MA of 11.65 and were 91.65% below the 52-week high, sitting 14.88% above the 52-week low.

Peers on Argus

BULL was down 2.21% with mixed peer moves: CWAN (-0.29%), CCCS (-2.56%), LYFT (+...

1 Down

BULL was down 2.21% with mixed peer moves: CWAN (-0.29%), CCCS (-2.56%), LYFT (+1.51%), LIF (-0.64%), SOUN (-6.57%). Momentum scanner only flagged LYFT moving down sharply (-16.97%), supporting a stock-specific context rather than a coordinated sector move.

Historical Context

5 past events · Latest: Jan 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 27	Product launch	Positive	-0.8%	Introduced $0 commission prediction market trading via Kalshi partnership.
Jan 13	Partnership news	Positive	-1.1%	Level2 partnership added no-code strategy automation for U.S. traders.
Nov 20	Earnings results	Positive	+0.4%	Strong Q3 2025 revenue growth and return to profitability.
Nov 17	Partnership news	Positive	-5.6%	CQG integration to support new Singapore futures offering.
Nov 12	Strategic partnership	Positive	+2.6%	Meritz partnership to enter South Korea and broaden global access.

Pattern Detected

Recent positive product, partnership, and earnings announcements often saw flat-to-negative next-day moves, with 3 divergences versus 2 alignments between news tone and price reaction.

Recent Company History

Over the last several months, Webull has focused on product expansion, partnerships, and strong financial performance. A South Korea partnership on Nov 12, 2025 and a CQG futures integration on Nov 17, 2025 extended its global and derivatives reach. Q3 2025 results on Nov 20, 2025 showed robust revenue and asset growth. More recently, prediction markets and no-code automation partnerships in Jan 2026 targeted new trading experiences. Today’s overnight market data consolidation fits this pattern of trading-tool innovation for global users.

Market Pulse Summary

This announcement introduces a consolidated overnight market data feed that unifies quotes and depth...

Analysis

This announcement introduces a consolidated overnight market data feed that unifies quotes and depth across Blue Ocean and Bruce Markets, offering free synthetic BBO and a $4.99 Level 2 option to Webull users in 11 of 14 markets. It continues a pattern of expanding trading tools and global access seen in recent partnerships and product launches. Investors may watch user adoption, incremental revenue from subscriptions, and any follow-on disclosures in future filings that quantify the business impact of expanded overnight trading capabilities.

Key Terms

consolidated market data feed, overnight trading, liquidity, Level 2

4 terms

consolidated market data feed technical

"announced the global launch of its consolidated market data feed for overnight trading"

A consolidated market data feed is a single stream that combines real-time prices, trade sizes and quote updates from all trading venues into one unified view, like a live scoreboard showing the best available buy and sell offers across markets. Investors use it to see the true market price, make timely buy or sell decisions, and ensure trades get the best available price; gaps or delays in that feed can lead to missed opportunities or worse execution.

overnight trading technical

"designed to give investors greater transparency into liquidity and price discovery during the growing overnight U.S. equities trading session"

Overnight trading is buying and selling stocks or other securities outside the regular exchange hours, including both after-hours and pre-market sessions conducted on electronic networks. It matters to investors because important news or overseas market moves can change prices when fewer participants are active, so orders may fill at very different prices and with less liquidity—like shopping when most stores are closed, with fewer options and wider price swings.

liquidity technical

"greater price transparency and liquidity visibility across multiple overnight trading venues"

Liquidity is how easily and quickly an asset or investment can be converted into cash without losing value. It matters to investors because higher liquidity means they can access their money quickly if needed, while lower liquidity can make it harder to sell assets promptly or at a fair price, potentially creating financial challenges. Think of it like trying to sell a common item versus a rare collectible—it's much easier to sell the common item fast.

Level 2 technical

"$4.99 per month subscription for a full order book (Level 2) view"

Level 2 is a real-time view of a stock’s trading interest that shows individual buy and sell orders, including the prices and sizes offered by market makers and trading venues. For investors it reveals market depth and liquidity—like seeing the full line at a ticket window rather than just the last sale—helping assess how easily a position can be bought or sold and how near-term prices might move.

AI-generated analysis. Not financial advice.

For the first time, global investors can access greater price transparency and liquidity visibility across multiple overnight trading venues

ST. PETERSBURG, Fla., Feb. 11, 2026 /PRNewswire/ – Webull Corporation (NASDAQ: BULL), owner of the Webull online investment platform, today announced the global launch of its consolidated market data feed for overnight trading, designed to give investors greater transparency into liquidity and price discovery during the growing overnight U.S. equities trading session.

Traditionally, overnight trading in U.S. equities takes place across multiple venues that operate independently and do not share order books. Webull's consolidated market data feed brings together real-time insights from Blue Ocean and Bruce Markets – two venues that trade U.S. equities overnight – into a single, unified view on the Webull platform. 

"For our global investor base, overnight trading is often when opportunity happens," said Anthony Denier, Group President and U.S. CEO of Webull. "By bringing together multiple overnight market data feeds into a single view, we're improving access to U.S. markets for a global audience and giving traders the transparency they need to participate with confidence, wherever they are." 

While order routing remains unchanged, the consolidated feed allows users to see quotes and depth of book across both venues simultaneously, offering a more complete picture of available liquidity.

By connecting these data feeds, Webull aims to help customers better capture liquidity and identify pricing opportunities during overnight trading hours, when transparency can otherwise be fragmented.

The product is designed primarily for active overnight traders, including traders in the Asia-Pacific region accessing U.S. markets during their local daytime hours. The consolidated market data feed is currently available to Webull users across 11 of its 14 markets, with the remaining three markets launching soon.

Webull offers both free and subscription options for accessing consolidated overnight market data:

• Free synthetic BBO "top of book" data, available as part of the consolidated market data feed
• $4.99 per month subscription for a full order book (Level 2) view, providing deeper insight into overnight liquidity across both venues

The launch reflects broader innovation across the financial industry as 24/5 U.S. equities trading continues to evolve and brokers invest in tools that improve transparency and the overall trading experience for global investors.

To learn more about Webull's consolidated overnight market data offering, visit: https://www.webull.com/trading-investing/overnight-trading 

About Webull Corporation  

Webull Corporation (NASDAQ: BULL) owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America. Webull serves more than 25 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, fractional shares, and digital assets through Webull's trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at www.webullcorp.com.

Media Contact
Nicholas Koulermos 
5W Public Relations 
Webull@5wpr.com 
(212) 999-5585 

View original content:https://www.prnewswire.com/news-releases/webull-launches-consolidated-market-data-feed-for-overnight-trading-302685206.html

SOURCE Webull Corporation

FAQ

What did Webull announce on February 11, 2026 about overnight market data (BULL)?

Webull launched a consolidated overnight market data feed combining quotes and depth from two venues. According to the company, it unifies real-time insights from Blue Ocean and Bruce Markets into one platform view for global users.

How much does Webull's Level 2 consolidated overnight data cost for BULL users?

The full order book Level 2 feed is priced at $4.99 per month. According to the company, a free synthetic BBO top-of-book is also provided as part of the consolidated offering.

Which Webull markets can access the consolidated overnight feed for BULL as of Feb 11, 2026?

The consolidated overnight feed is available in 11 of Webull's 14 markets at launch. According to the company, the remaining three markets will get access soon.

Who is the consolidated overnight market data feed for BULL designed to help?

The feed is aimed primarily at active overnight traders, especially in the Asia-Pacific region accessing U.S. markets. According to the company, it improves transparency for global traders during local daytime hours.

Will Webull's consolidated feed change order execution or routing for BULL trades?

No, order routing and executions remain unchanged despite the consolidated data feed. According to the company, the product only consolidates quotes and depth of book for improved visibility, not order routing.