The Bear Room, page-261

There's a disturbance in the Force, stonk traders: Key Platform for Overnight Trading is DOWN.

A trading platform that powers overnight buying and selling of stocks and ETFs for brokers such as Robinhood Markets will remain offline tonight, after it was hit by a two-hour outage early Monday morning during the huge global selloff.

The platform, Blue Ocean, will not be up and running again tonight, Brian Hyndman, the CEO of the platform’s parent company, Blue Ocean Technologies, said in an email. He expressed hope that it would be back up on Tuesday night.

Robinhood didn't immediately have comment on whether its overnight trading would be impacted.Blue Ocean executes stock trades between 8 p.m. and 4 a.m. ET, allowing brokers to provide 24-hour trading five days a week.

It went down last night due to a surge in activity, forcing it to cancel some trades, according to Hyndman.Robinhood began using Blue Ocean last year, aiming to capitalize on demand for stock trading outside the traditional market hours of 9:30 a.m. to 4 p.m. ET. The brokerage has said that on some days, as much as 25% of total daily volume takes place outside traditional market hours.