You may have seen us refer to Openmarkets from time to time.
But what is Openmarkets exactly? And where does it fit in with Opentrader?
Openmarkets is our broker
Your shares are CHESS sponsored through Openmarkets. Openmarkets clears, settles, and executes your trades.
They’re great 🤩
It’s true. Although we’re a little biased as Openmarkets and Opentrader are both part of the big umbrella that is Openmarkets Group (OMG).
From a legal stand point, Opentrader is an authorised representative of Openmarkets (the holders of the Australian financial services (AFS) licence) 👩⚖️
It’s a little confusing, so here’s a diagram:
This is why Openmarkets will crop up on things like forms, T&Cs and FAQ articles!
Overall, we work together with Openmarkets to deliver a smooth trading experience ⚡️