(Photo = Yonhap news)

 

[Alpha Biz= Reporter Kim Jisun] Local securities firms have urgently suspended U.S. stock weekly trading (from 9 a.m. to 4:50 p.m. Korean time). This is due to the computer failure of Blue Ocean, the US ATS.

According to the financial investment industry on the 19th, local securities firms ended their weekly trading of U.S. stocks early from 12:30 p.m.

Mirae Asset Securities also said, "The day market (weekly trading) ended early at 12:30 p.m. Korean time due to local exchange issues." Korea Investment & Securities also announced the suspension of weekly trading, saying, "The free market (from 5 p.m. to 10:30 p.m. Korean time) operates normally."

Blue Ocean's computer failure disrupted US stock trading. Blue Ocean is the only ATS that has been approved by the US Securities and Exchange Commission (SEC) and the US Financial Industry Regulatory Authority (FINRA) to support Overnight sessions. As a result, all domestic securities companies that supported US stock weekly trading signed a contract with Blue Ocean.

 

 

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