Robinhood’s 24-hour execution venue, Blue Ocean ATS, has its own risk controls to prevent stocks from trading more than 20%.
Cryptocurrency-friendly stock trading app Robinhood saw its 24-hour market’s execution venue, Blue Ocean ATS (BOATs), suspended for overnight trading on Aug. 6.
Robinhood’s support account, Robinhood Help, took to X on Aug. 5 to announce that BOATs halted overnight trading on Robinhood from 12:00 am UTC to 8:00 am UTC on Aug. 6.
“You may cancel your order at any time, and can still place an order for another trading session,” Robinhood’s support wrote, adding that all open trades as of 12:00 am UTC would be routed for execution in around eight hours.
