OpenMarkets partners with Saxo

14 June 2017
| By Staff |
image
image
expand image

Online stockbroker, OpenMarkets has entered into a reciprocal partnership with multi-asset class trading and investment specialist, Saxo Capital Markets aimed at sharing technology solutions.

Announcing the arrangement this week, the two companies said the partnership would allow OpenMarkets’ clients to have access to Saxo’s extensive list of global equities with multi-currency settlement, while Saxo clients would now be able to invest in Australian shares through a Holder Identification Number (HIN) structure.

Commenting on the arrangement, Saxo Capital Markets Australia chief executive, Ben Smoker said it represented the collaboration of two fintech powerhouses in the online broking industry in Australia.

“We are providing the international equities trading engine and technology to OpenMarkets, giving them access to over 19,000 global stocks across 36 different exchanges.,” he said.

The joint statement said that, for OpenMarkets, the alliance with Saxo allowed it to become a truly global trading platform, bypassing significant development time and expense to provide its clients with a broader range of trading options.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 3 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago