OpenMarkets partners with Saxo

saxo capital markets fintech platforms

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

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

9 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 14 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 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....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 12 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 15 hours ago