Bruce Markets Hires Michael Padnis as Director of Technology and Trading Support

Hire strengthens Bruce’s technological and client support capabilities as the firm continues to gain market share in overnight U.S. equities trading

Bruce Markets, which operates the overnight U.S. equities trading venue Bruce ATS, today announced the appointment of Michael Padnis as Director of Technology and Trading Support. Padnis brings more than a decade of experience across trading technology, client service and onboarding experience. He most recently served as Head of Technology and Trading Support at Blue Ocean Technologies, a role he held since June 2023, prior to which he held several senior trade support and client service roles at Clear Street, REDI EMS and FlexTrade.

In his new role, Padnis will work closely with clients and counterparties across trading support, technology implementation and relationship management as the firm continues to scale its venue and support the growth of a healthier, more competitive overnight trading ecosystem.

Padnis joins Bruce Markets as the firm continues to grow its share of the overnight U.S. equities market amid rising demand from retail brokers, institutions, liquidity providers and global investors seeking access to U.S. markets outside of traditional trading hours.

• Overall Market Share

  • In April, Bruce’s overall share of traded notional in the overnight U.S. equities market increased from just under 10.75% to 12.09%
  • Bruce’s share of overall traded volume rose from 6.77% to 8.94% in the same month.

  

• Growth in Monthly Per-Session Averages

  • The platform’s average traded notional per session reached a new high-water mark of $533 million in April.
  • Average traded volume per session rose to 12.5 million shares in the same month, up from 10.1 million shares in March.

• Growth in Symbols Traded
  • The monthly number of total symbols traded on the platform increased from less than 3,000 in February 2026 to more than 5,000 in April 2026.

“Overnight trading is growing quickly, and clients need reliable technology, responsive support and experienced partners who understand the operational realities of this market,” said Padnis. “I’m excited to join Bruce Markets at this stage of its growth to help support the next phase of adoption in overnight U.S. equities trading.”

The hire also comes at a pivotal moment for overnight U.S. equities trading. Market participation has continued to broaden as investors look for more flexibility to react to news outside of traditional market hours, while the return of overnight trading access in Korea has helped accelerate global demand for U.S. equity trading during the overnight session.

“As the overnight market and Bruce’s share of that market continue to grow, we identified the need to expand our team in line with the momentum we’re seeing across the platform,” said Jason Wallach, CEO of Bruce Markets. “Michael’s addition strengthens our ability to deliver a high-performance, resilient venue for brokers, institutions and liquidity providers as the overnight session becomes a more established part of U.S. market structure.”

About Bruce Markets

Bruce Markets operates Bruce ATS™, a U.S. equities alternative trading system enabling overnight trading from 8:00 PM to 4:00 AM ET. Underpinned by exchange-grade technology and market rules, led by industry veterans and backed by leading firms from across the trading ecosystem, Bruce provides a high-performance, resilient venue that bridges the U.S. after-hours and pre-market sessions. By providing a credible source of after-hours liquidity for brokers and investors and leading the evolution of always-available markets, Bruce brings needed competition to the ecosystem and is redefining after-hours trading worldwide. To learn more, visit www.brucemarkets.com.