Core Viewpoint - Webull has launched a new tool that consolidates liquidity and price discovery for overnight trading, addressing the fragmentation in the market and enhancing access for international investors [1][2]. Group 1: Market Fragmentation and Challenges - The overnight trading market has historically been fragmented, with trades occurring across independent venues like Blue Ocean and Bruce Markets, leading to wider spreads and limited visibility for retail traders [1]. - Data fragmentation has created challenges for retail traders, making it difficult to access comprehensive market information [1]. Group 2: New Tool Features and Benefits - Webull's new consolidated feed merges real-time insights from multiple venues into a single view, improving market access for international audiences [2]. - The tool provides a strategic advantage for active traders in the Asia-Pacific region, aligning the U.S. overnight session with local business hours [3]. - Traders can see the full order books of both venues simultaneously, gaining a comprehensive view of market depth without affecting order routing [3]. Group 3: Access Tiers and Rollout - Webull offers two tiers of access: a free synthetic "top of book" (BBO) feed for all users and a subscription option for full Level 2 order book data at $2.99 per month [4]. - The launch is currently live in 11 of Webull's 14 global markets, with a full rollout expected shortly [3].