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LiquidityBook, a FactSet Company, Introduces 24-Hour Equity Trading with Blue Ocean ATS and Capital Institutional Services (CAPIS) Collaboration

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LiquidityBook, a FactSet company, has launched 24-hour equity trading capabilities through a collaboration with Blue Ocean ATS and Capital Institutional Services (CAPIS). This integration enables buy-side clients to trade U.S. equities around the clock, specifically from 8:00 PM to 4:00 AM ET, Sunday through Thursday.

The partnership makes LiquidityBook the first Order Management System (OMS) to offer overnight trading for institutional clients, with CAPIS serving as the introducing broker providing access and clearing services. The system operates through Blue Ocean ATS's fully electronic and transparent alternative trading system, designed for overnight trading of U.S. National Market System stocks.

Additionally, LiquidityBook clients can access over 1,600 routing destinations across 80+ countries through its proprietary FIX network, LBX Connect.

LiquidityBook, una società di FactSet, ha lanciato la possibilità di negoziare azioni 24 ore su 24 grazie a una collaborazione con Blue Ocean ATS e Capital Institutional Services (CAPIS). Questa integrazione consente ai clienti buy-side di scambiare azioni statunitensi ininterrottamente, specificamente dalle 20:00 alle 4:00 ET, da domenica a giovedì.

La partnership rende LiquidityBook il primo sistema di gestione ordini (OMS) a offrire il trading notturno per clienti istituzionali, con CAPIS che agisce come broker introduttore fornendo accesso e servizi di clearing. Il sistema opera tramite il sistema di trading alternativo completamente elettronico e trasparente di Blue Ocean ATS, progettato per il trading notturno delle azioni del National Market System degli Stati Uniti.

Inoltre, i clienti di LiquidityBook possono accedere a oltre 1.600 destinazioni di routing in più di 80 paesi attraverso la sua rete proprietaria FIX, LBX Connect.

LiquidityBook, una empresa de FactSet, ha lanzado capacidades de negociación de acciones las 24 horas mediante una colaboración con Blue Ocean ATS y Capital Institutional Services (CAPIS). Esta integración permite a los clientes buy-side operar acciones estadounidenses durante toda la noche, específicamente de 8:00 PM a 4:00 AM ET, de domingo a jueves.

La asociación convierte a LiquidityBook en el primer sistema de gestión de órdenes (OMS) que ofrece negociación nocturna para clientes institucionales, con CAPIS actuando como corredor introductorio que proporciona acceso y servicios de compensación. El sistema funciona a través del sistema de negociación alternativo completamente electrónico y transparente de Blue Ocean ATS, diseñado para la negociación nocturna de acciones del Sistema Nacional de Mercado de EE. UU.

Además, los clientes de LiquidityBook pueden acceder a más de 1,600 destinos de enrutamiento en más de 80 países mediante su red FIX propietaria, LBX Connect.

LiquidityBook은 FactSet의 자회사로서 Blue Ocean ATSCapital Institutional Services (CAPIS)와의 협력을 통해 24시간 주식 거래 기능을 출시했습니다. 이 통합을 통해 매수 측 고객은 일요일부터 목요일까지 동부 시간 기준 오후 8시부터 오전 4시까지 미국 주식을 연중무휴로 거래할 수 있습니다.

이번 파트너십으로 LiquidityBook은 기관 고객을 위한 야간 거래를 제공하는 최초의 주문 관리 시스템(OMS)이 되었으며, CAPIS는 소개 중개인으로서 접근 및 결제 서비스를 제공합니다. 이 시스템은 미국 내 National Market System 주식의 야간 거래를 위해 설계된 Blue Ocean ATS의 완전 전자적이고 투명한 대체 거래 시스템을 통해 운영됩니다.

또한 LiquidityBook 고객은 자체 FIX 네트워크인 LBX Connect를 통해 80개 이상의 국가에서 1,600개 이상의 라우팅 목적지에 접근할 수 있습니다.

LiquidityBook, une société de FactSet, a lancé des capacités de négociation d'actions 24 heures sur 24 grâce à une collaboration avec Blue Ocean ATS et Capital Institutional Services (CAPIS). Cette intégration permet aux clients buy-side de négocier des actions américaines en continu, spécifiquement de 20h00 à 4h00 ET, du dimanche au jeudi.

Ce partenariat fait de LiquidityBook le premier système de gestion des ordres (OMS) à offrir le trading de nuit pour les clients institutionnels, CAPIS agissant en tant que courtier introducteur fournissant l'accès et les services de compensation. Le système fonctionne via le système de négociation alternatif entièrement électronique et transparent de Blue Ocean ATS, conçu pour le trading nocturne des actions du National Market System américain.

De plus, les clients de LiquidityBook peuvent accéder à plus de 1 600 destinations de routage dans plus de 80 pays grâce à son réseau propriétaire FIX, LBX Connect.

LiquidityBook, ein Unternehmen von FactSet, hat in Zusammenarbeit mit Blue Ocean ATS und Capital Institutional Services (CAPIS) eine 24-Stunden-Handelsmöglichkeit für Aktien eingeführt. Diese Integration ermöglicht es Buy-Side-Kunden, US-Aktien rund um die Uhr zu handeln, und zwar speziell von 20:00 bis 4:00 Uhr ET, Sonntag bis Donnerstag.

Die Partnerschaft macht LiquidityBook zum ersten Order-Management-System (OMS), das institutionellen Kunden Overnight-Trading anbietet, wobei CAPIS als einführender Broker Zugang und Clearing-Dienste bereitstellt. Das System arbeitet über das vollständig elektronische und transparente alternative Handelssystem von Blue Ocean ATS, das für den Overnight-Handel mit US-National Market System-Aktien konzipiert ist.

Zusätzlich können LiquidityBook-Kunden über das firmeneigene FIX-Netzwerk LBX Connect auf über 1.600 Routing-Ziele in mehr als 80 Ländern zugreifen.

Positive
  • First Order Management System (OMS) to offer institutional overnight trading capabilities
  • Expanded trading hours enable clients to react to global market-moving events in real time
  • Access to over 1,600 routing destinations in 80+ countries via LBX Connect network
  • Partnership with established firms (Blue Ocean ATS and CAPIS) enhances service reliability
Negative
  • None.

Insights

FactSet's LiquidityBook introduces 24-hour equity trading, positioning it as a first-mover in overnight institutional trading with potential competitive advantages.

LiquidityBook's introduction of 24-hour equity trading represents a notable strategic expansion in FactSet's trading technology offerings. By becoming the first Order Management System to offer overnight trading capabilities to institutional clients, FactSet is addressing a significant gap in the market. This integration allows buy-side firms to trade U.S. equities beyond traditional hours (8:00 PM to 4:00 AM ET, Sunday through Thursday), providing a competitive edge in a market where reaction time to global developments is increasingly critical.

The collaboration with Blue Ocean ATS and CAPIS creates a comprehensive solution that removes the need for cumbersome workarounds that institutions previously had to implement for after-hours trading. This streamlined approach likely improves user experience while potentially increasing trading volume and associated revenues. The timing is strategic, as global markets become increasingly interconnected and market-moving events occur around the clock.

From a technology infrastructure perspective, this integration leverages LiquidityBook's existing cloud-native platform and expands its utility without requiring substantial new development. The arrangement complements FactSet's extensive global connectivity (1,600+ routing destinations across 80+ countries) via its proprietary FIX network, potentially creating network effect advantages that could increase client retention and attract new institutional clients seeking comprehensive trading solutions.

While financial terms aren't disclosed, this development positions FactSet advantageously in the competitive financial technology landscape, particularly as institutional demand for 24-hour trading capabilities continues to grow in response to global market dynamics and increasing cross-border investment activities.

NORWALK, Conn., May 15, 2025 /PRNewswire/ -- LiquidityBook, a FactSet company and leading provider of cloud-native buy- and sell-side trading solutions, announced today that its buy-side clients can now seamlessly access overnight trading through alternative trading system, Blue Ocean ATS,  supported by introducing broker, Capital Institutional Services (CAPIS). This integration empowers LiquidityBook clients to trade U.S. equities 24 hours a day, five days a week—fulfilling the longstanding demand for around-the-clock market access across buy-side firms.

By leveraging Blue Ocean ATS, buy-side clients can now extend their trading capabilities beyond typical market hours, executing trades from 8:00 PM to 4:00 AM ET, Sunday through Thursday. This fully electronic and transparent alternative trading system is purpose-built for the overnight trading of U.S. National Market System (NMS) stocks, expanding opportunities for after-hour trading. Alongside this enhanced capability, CAPIS serves as the introducing broker, providing both access and clearing services for trades executed via LiquidityBook, further enhancing trading flexibility and efficiency.

"Buy-side firms have been asking for a simple, reliable way to trade overnight, and we're thrilled to be the first Order Management System (OMS) to make that a reality for the institutional side of the market," said Les Vital, Principal Sales Specialist at LiquidityBook. "This collaboration with Blue Ocean and CAPIS empowers our clients to act on market-moving news around the clock without needing to piece together external workarounds." 

Mark Viani, Director of Institutional Sales and Managed Account Solutions at CAPIS, added, "We're excited to play a key role in enabling this expanded trading capability for LiquidityBook's buy-side clients. As the introducing broker, CAPIS is committed to delivering seamless access and clearing services that ensure these trades flow smoothly from execution to settlement."

"This collaboration is exactly what the market has been waiting for," said Matthew Horisk, Chief Operating Officer, Blue Ocean Technologies. "Together, LiquidityBook and CAPIS help buy-side firms meet the growing demand for overnight trading access. We look forward to supporting this exciting new use case."

With overnight trading now at users' fingertips, LiquidityBook's buy-side clients can capitalize on global market-moving events in real time, while benefiting from the operational efficiencies and transparency of Blue Ocean ATS. In addition, LiquidityBook clients can connect to over 1,600 routing destinations in 80+ countries via its proprietary FIX network, LBX Connect, underscoring LiquidityBook's commitment to delivering cutting-edge global trading solutions.

About LiquidityBook
LiquidityBook is a leading provider of cloud-native buy- and sell-side trading solutions and is trusted by many of the industry's largest and most sophisticated firms. The LiquidityBook platform is easily configurable and enhanced daily with client requests, giving these firms peace of mind that their trading platform will adapt and scale as they grow. A disruptive force in the market for nearly 20 years, LiquidityBook backs their platform with unparalleled support and employs a client-centric business model with no hidden fees.

For more information, please visit www.liquiditybook.com or contact sales@liquiditybook.com.

About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) supercharges financial intelligence, offering enterprise data and information solutions that power our clients to maximize their potential. Our cutting-edge digital platform seamlessly integrates proprietary financial data, client datasets, third-party sources, and flexible technology to deliver tailored solutions across the buy-side, sell-side, wealth management, private equity, and corporate sectors. With over 47 years of expertise, a presence in 20 countries, and extensive multi-asset class coverage, we leverage advanced data connectivity alongside AI and next-generation tools to streamline workflows, drive productivity, and enable smarter, faster decision-making. Serving more than 8,600 global clients and nearly 220,000 individual users, FactSet is a member of the S&P 500 dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn.

Media Contact
Kelly Prinner
+1.203.808.8630
Kelly.Prinner@factset.com 

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SOURCE LiquidityBook

FAQ

What are the new trading hours for FactSet's LiquidityBook overnight trading service?

LiquidityBook's overnight trading operates from 8:00 PM to 4:00 AM ET, Sunday through Thursday, enabling 24-hour trading of U.S. equities.

How does FactSet (FDS) facilitate overnight trading through LiquidityBook?

FactSet's LiquidityBook enables overnight trading through integration with Blue Ocean ATS's alternative trading system, with CAPIS serving as the introducing broker for access and clearing services.

What is the significance of LiquidityBook's overnight trading launch for FDS investors?

It positions FactSet as an innovation leader, being the first Order Management System to offer institutional overnight trading, potentially expanding market share and revenue opportunities.

How many routing destinations can LiquidityBook clients access through the FIX network?

LiquidityBook clients can access over 1,600 routing destinations across more than 80 countries through its proprietary FIX network, LBX Connect.

Who are the key partners in FactSet's LiquidityBook overnight trading service?

The key partners are Blue Ocean ATS, which provides the alternative trading system, and Capital Institutional Services (CAPIS), which serves as the introducing broker.
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