Blue Ocean Outage Freezes US Stock Quotes as Binance Strips…
By PressRelease
AI summary of the source article
A system failure at US alternative trading system Blue Ocean on 21 October froze US stock quotes across several South Korean brokerages. Consequently, Binance excluded the affected period from funding calculations on its US stock perpetuals.
Why it matters
The episode arrives as crypto exchanges push further into TradFi derivatives, and it raises fresh questions about how those platforms respond when the market behind a contract is disrupted.
Key facts
- Blue Ocean suffered a system failure around noon Korean time on 21 October, freezing or delaying US stock quotes across multiple South Korean brokerages.
- Binance excluded the affected window from funding calculations for US stock perpetuals to avoid charging traders based on stale market data.
- Toss Securities and Meritz Securities kept quotes live during the outage by utilizing multiple alternative trading systems.
Source excerpt · FinanceFeeds
Key Facts Blue Ocean, a US alternative trading system that runs overnight US equity sessions, suffered a system failure at around noon Korean time on 21 October. The outage froze or delayed real-time US stock quotes in the trading apps of many South Korean brokerages. Ahead of its 08:00 UTC settlement, Binance said it would leave the affected window out of funding calculations for US stock perpetu…