OpenMarkets is Australia's newest stockbroker specialising in low-cost online trading solutions for the Australian retail and wholesale market. It offers investors, active traders and advisers online trading via its web and desktop platforms, as well as innovative trading solutions for third party websites and other electronic devices.
It is an Australian Financial Services Licensee (AFSL) and a full market participant of the NSX and SIM VSE with its own settlement and clearing memberships, making it the first online broker to offer end-to-end share trading on multiple Australian listing exchanges.
Independent from legacy banking and full service models, OpenMarkets differentiates itself from tradition with its ethos of better service, innovative technology, lower costs and being ‘open':
Fully embracing the power of cloud computing via Amazon's local ‘on demand' services, OpenMarkets replaces costly in-house infrastructure to better manage costs, while having the ability to handle extreme trading volumes at any time.
By combining innovation with an industry-collaborative approach, OpenMarkets aims to define a new set of standards for the online broking industry for the benefit of its clients and the wider trading community in Australia.
To be Australia’s most innovative, resourceful and industry-connected online broker that develops clever and powerful ways to improve the journey of the self-directed investor.