Trading in United States equity markets enables Australian investors to diversify their portfolios with investments in some of the world’s largest and most-recognised businesses. To deliver 24-hour trading of selected U.S. stocks and exchange traded funds (ETFs), moomoo has connected its share trading platform to a registered broker-dealer with an alternative trading platform that operates outside regular U.S. trading hours.

The new offering means investors using moomoo can trade a list of 165 US stocks and ETFs during Australian daytime hours, as well as at night. 

“We selected the most-traded stocks and ETFs to ensure sufficient liquidity to enable smooth and efficient trades, especially during off-hours when trading volumes are generally lower,” said moomoo Australia chief market strategist Matt Wilson.

“Australia makes up less than 2% of global equities, so if you don’t invest in other markets, you are missing out on a lot of opportunities,” he added.

moomoo uses its own technology to connect via registered broker-dealer and alternative trading system (ATS) operator Blueocean. ATS is an electronic system for crossing orders in stocks governed by the National Market System, the United States’ securities trading regulation mechanism, and is available to registered broker-dealer subscribers only.  

 With the introduction of 24/5 US trading, moomoo users now have access to trading hours that cover the entire day, from 11am Monday to 11am Saturday (AEST).

Backing new feature with institutional tracking, ratings update and industrial chain tools

By using moomoo to invest in the U.S. market, Australians can access features such as an institutional tracking tool that tracks the quarterly holdings of more than 20,000 institutions. 

“This enables investors to ‘follow the big money’ and get an inside look into the strategies of the world’s top asset management firms,” explained Wilson.  

The moomoo application also includes real-time company ratings updates from 4,000 Wall Street analysts, while an ‘industrial chain’ tool also maps out divisions of labour and value chains in 17 industries so investors can identify key players and…