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--- blue_ocean [2025/02/20 08:55] – hammed
+++ blue_ocean [2026/01/27 20:52] (current) – hugo
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 ====== Blue Ocean ======
-Blue Ocean is a technology company that provides access to a live and actionable stream of financial product tick data. These data reflect the content of a liquidity pool in the U.S. Blue Ocean is an ATS **for the trading of U.S. Equities**.
+Blue Ocean is a technology company that provides access to a live and actionable stream of financial product tick data. These data reflect the content of a liquidity pool in the U.S. Blue Ocean is an ATS for the trading of **U.S. Equities** overnight, during APAC daytime hours.
 Currency: US Dollar (USD)
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   * Tick Size: varies by price and security.
   * Short Sale Rules: Short selling is available for symbols with shares in the shorting pool.
+===== Volatility Price Bands ======
+Note that Blue Ocean ATS (BOATS) employs a 20% price band during its trading session. Orders entered into the ATS at the open and during the trading session that are priced at more than 20% away from the reference price for that NMS stock, the ATS rejects the order.
+The reference price is the last sale price for each security printed on a national securities exchange as of 7:30 ET. In addition to the 20% risk check, BOATS also employs single order share size and notional value checks on each order.
 ===== Blue Ocean ATS Service Alerts & Announcements =====