Webull Corp. (NASDAQ:BULL) announced on Wednesday the global launch of a first-of-its-kind consolidated market data feed for overnight trading in U.S. stocks.
The new tool is designed to provide investors with a unified view of liquidity and price discovery during the increasingly popular overnight trading session.
Historically, the overnight market has been highly fragmented, with trades occurring across independent venues like Blue Ocean and Bruce Markets that do not share order books.
The data fragmentation often leads to wider spreads and limited visibility for retail traders.
Webull's new consolidated feed solves this by merging real-time insights from both venues into a single, comprehensive view on its platform.
Anthony Denier, Group President and U.S. CEO of Webull, noted that the unified feed improves market access for international audiences, allowing them to participate in U.S. markets with the same confidence as daytime traders.
"For our global investor base, overnight trading is often when opportunity happens," Denier explained.
The tool provides a strategic advantage for active traders in the Asia-Pacific region, where the U.S. overnight session aligns with local business hours.
Order routing remains unaffected, and traders gain a comprehensive view of market depth by seeing the full order books of both venues simultaneously.
Webull is offering two tiers of access:
- Free: A synthetic “top of book” (BBO) feed for all users.
- Subscription ($2.99/mo): Full Level 2 order book data, providing 50 levels of bid/ask quotes.
The launch is currently live in 11 of Webull’s 14 global markets, with a full rollout expected shortly.
Photo: PJ McDonnell / Shutterstock
