Blue Ocean Management Partners Assumes Management Control of Blue Ocean Technologies
NEW YORK--(BUSINESS WIRE)--Nov 11, 2019--
Blue Ocean Management Partners, LLC (Blue Ocean Management) has made a significant investment in New York-based Blue Ocean Technologies, LLC. tZERO, the global leader in blockchain innovation for capital markets, remains a significant investor and partner in Blue Ocean Technologies, with Blue Ocean Management providing management and expertise. Blue Ocean Technologies is a financial technology company focused on progressing the development of the after-hours markets for U.S.-listed securities, including ETFs and related securities.
Since 2016, Blue Ocean Technologies has provided data and technical services for after-hours regulated trading venues. This marketplace has created an opportunity to provide firms, traders and investors with new ways to manage risk and take advantage of opportunities created outside of regular U.S. trading hours. Through appropriately licensed institutions, after-hours regulated trading venues also provide opportunities for foreign investors to have after-hours access to the U.S. capital market, which make up the second largest class of investments across Asia and Europe (behind country-specific home markets), while allowing for U.S.-based traders to track off-hours market movement and react accordingly.
tZERO CEO Saum Noursalehi stated, “We are happy to partner with the Blue Ocean leadership team and grow the business together, allowing tZERO to focus on its important strategic initiatives with digital securities.”
Blue Ocean Management CEO and President Ralph Layman said, “This restructuring affords us the opportunity to bring senior management resources to facilitate the growth of Blue Ocean while continuing to be on the cutting edge of securities technology.”
About Blue Ocean Management
Blue Ocean Management Partners, LLC (Blue Ocean Management) invests in and provides senior management to growth (FinTech) organizations in the financial services industry. Along with Blue Ocean Technologies, Blue Ocean Management is focused on progressing the development of the after-hours markets for ETFs and related securities on behalf of Blue Ocean Technologies, LLC.
tZERO Group, Inc. (tZERO) is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (FinTech) enhanced with cryptographically-secured, decentralized ledgers – more commonly known as blockchain technologies. Since its inception, tZERO has pioneered the effort to bring greater efficiency and transparency to capital markets. For more information on tZERO, please visit: https://www.tzero.com/.
tZERO is not a registered broker-dealer, funding portal, underwriter, investment bank, investment adviser or investment manager, and is not providing brokerage, investment banking or underwriting services, recommendations or investment advice to any person, and does not provide any brokerage services. tZERO takes no part in the negotiation or execution of secondary market transactions for the purchase or sale of securities and at no time has possession of investor funds or securities in connection with such transactions.
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Don Madura, +1-914-523-8223
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT SECURITY OTHER PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY FINANCE
SOURCE: Blue Ocean Management
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PUB: 11/11/2019 05:05 PM/DISC: 11/11/2019 05:05 PM