TabbFORUM's The Wave: Bruce Markets' Jason Wallach on ATS Evolution & Overnight Trading

In this episode of TabbFORUM’s Market Structure Wave, Bruce Markets CEO Jason Wallach joins Bruce Morris of Tabb Group to discuss the upcoming ATS and Off-Exchange Trading Symposium. The conversation explores how institutional behavior is shifting the evolution of off-exchange trading venues in the U.S. equity markets.

Jason shares insights into how Bruce ATS is differentiating itself through deep liquidity and institutional-grade infrastructure. By utilizing Nasdaq technology, we are bringing the performance and resiliency of core-session trading to the overnight market. The discussion highlights the maturation of 24-hour trading and our ongoing commitment to transparency through a fully displayed global order book.

Key Discussion Points:

• 24-Hour Trading Evolution: Bruce ATS is one of the few systems operating five overnight sessions a week, starting Sundays at 8:00 pm ET.
• Institutional-Grade Technology: Our platform is built on the same Nasdaq technology powering major US core-session ATSs to ensure streamlined broker adoption.
• Transparency & Data: Our market data is distributed globally through 11 vendors, providing real-time last-sale information to over 30 end-consumers.
• New Features: We recently introduced Immediate-or-Cancel (IOC) order types, and we are evaluating additional order types to meet growing diversifying demand.