Apex Joins Growing List of Overnight Trading Service Providers
Apex Fintech Solutions on Tuesday announced the public launch of 24-hour trading capabilities, five days a week, for its clients, joining a growing list of companies that includes Altruist and Interactive Brokers that offer overnight trading.
Apex clients can now place trades from 8 p.m. Eastern Time on Sunday through 8 p.m. Eastern Time on Friday during non-holiday weeks.
The offering “further opens up optionality for those clients who do not want to be restricted to traditional” U.S. trading hours, Apex said in a press release.
“For fintech companies servicing clients who want more immediate and around-the-clock trading execution,” Apex is now giving them the “ability to open up the flexibility and freedom these investors demand,” it said.
Apex conceded there were “potential concerns around after-hours trading that investors should be aware of, like uncertain prices and low liquidity,” but that it “understands the need for our clients to accommodate this feature, and the firm is prepared to offer the capability, along with the customer service they have come to expect.”
Apex first started operating overnight trading, 24 hours a day, Monday through Friday, for its clients in February and “several industry-leading clients are already using Apex to access the 24/5 marketplace,” the firm said.
