Brokerage firm Robinhood announced on Monday evening that it would not offer overnight trading due to an issue with its execution venue.
The company said in a post on social media site X that Blue Ocean ATS, the third-party firm that Robinhood works with for round-the-clock trading, has suspended its overnight market.
"Robinhood 24 Hour Market's execution venue, Blue Ocean ATS (BOATs), has suspended overnight trading for tonight.
It is not clear if the suspension will last beyond early Tuesday morning, or if other brokerage firms that offer overnight trading are affected.
Overnight trading is typically limited to the most liquid stocks and ETFs in the market.
Persons:
Robinhood, Charles Schwab
Organizations:
Ocean ATS, Dow Jones