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Blockchain-Based Platform Opens After-Hours US Trading: Tech Roundup

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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 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 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.

Advisors will be able to attend virtual conferences and breakout session, watch live speakers and participate in peer-to-peer group discussions on the new platform. These resources will be recorded and archived in a searchable database, which can be accessed from any device, according to a the company.

Advisor Group is also releasing a hotline and microsite modeled on Wikipedia to keep advisors up-to-date about the DOL fiduciary rule.

“Our job as a dedicated partner has always been to equip advisors with the products, technology and tools they need to meet their clients’ needs and grow their businesses” Advisor Group Executive Chairman Valerie Brown said in a statement. “We believe our platform enhancements not only offer benefits to advisors’ clients, but also give advisors a clear competitive edge.”

InvestCloud announced on Monday its acquisition of Babel Systems for $20 million. Babel is a London-based fintech company whose clients include robo-advisor Nutmeg.

The acquisition will give InvestCloud access to Babel’s trading and accounting capabilities.

“InvestCloud needed an extremely high-volume and low-cost trading and accounting (book-keeping) solution designed for the cloud,” Chairman and CEO John Wise said in a statement. “Babel is designed for the international market and is the most modern platform in the world designed for robo and wealth; however, it’s also versatile and can be applied to all major financial markets.”

— Read RightCapital Launches Enterprise Tool to Ease DOL Rule Compliance on ThinkAdvisor’s TechCenter. 


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