Global investors now have increased transparency into overnight U.S. Equity markets thanks to a new consolidated market data feed launched by Webull Corporation (NASDAQ: BULL) on . The platform aggregates real-time data from Blue Ocean and Bruce Markets, two key venues for after-hours trading, into a single view for its users.
Traditionally, overnight trading in U.S. Equities has been fragmented, occurring across multiple independent venues without shared order books. This lack of consolidation has historically made it difficult for investors to gauge true liquidity and identify optimal pricing. Webull’s new feed aims to address this challenge by providing a unified source of information, improving price discovery during the growing overnight trading session.
“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.”
The launch comes as overnight trading gains prominence, particularly among investors in the Asia-Pacific region who utilize the hours when U.S. Markets are open to trade during their local daytime. Webull’s move reflects a broader industry trend toward extended trading hours and enhanced data accessibility. A related launch in November 2024 saw Webull introduce overnight trading powered by Blue Ocean ATS, further expanding access to 24/5 U.S. Equities trading.
While the underlying order routing process remains unchanged, the consolidated feed offers a significant improvement in data visibility. Users can now simultaneously view quotes and depth of book from both Blue Ocean and Bruce Markets, providing a more comprehensive picture of available liquidity. This is particularly valuable during overnight hours when trading volumes are typically lower and price discrepancies can be more pronounced.
Webull is offering two tiers of access to the consolidated overnight market data. A free option provides a synthetic BBO (Best Bid and Offer) “top of book” view, displaying the highest bid and lowest ask prices. For more in-depth analysis, users can subscribe to a full Level 2 order book view for $4.99 per month. This subscription provides access to the complete order book, revealing the full range of buy and sell orders at different price levels.
The consolidated market data feed is currently available to Webull users in 11 of the platform’s 14 markets, with the remaining three markets slated to be added soon. This phased rollout suggests Webull is carefully managing the integration of the new data feed and ensuring a smooth user experience across its global network.
The launch of this consolidated feed is not without its limitations. The company acknowledges that order routing remains unchanged, meaning execution fragmentation could persist. The product is primarily targeted at active overnight traders, limiting its immediate impact on the broader retail investor base. However, the move signals Webull’s commitment to providing sophisticated tools and data to its more active users.
Webull’s market capitalization stood at $3,407,336,289 as of . The stock closed at $6.24 on the previous trading day, with volume of 6,774,765 shares – a figure slightly below its 20-day average of 10,973,714 shares. The stock is currently trading significantly below its 52-week high of $79.56, with a current price representing a 91.65% decrease from that peak. The stock experienced a 2.21% decline prior to the news release.
The company, which serves over 25 million registered users globally, positions itself as a digital investment platform built on “next-generation global infrastructure.” The launch of the consolidated overnight data feed is consistent with this positioning, demonstrating Webull’s investment in technology and its focus on providing access to global financial markets.
This development underscores the increasing demand for transparency and efficiency in the evolving landscape of 24/5 U.S. Equities trading. As more brokers invest in tools to improve the trading experience, investors can expect to see further innovation in data accessibility and market connectivity.
