Submission declined on 4 June 2026 by Avgeekamfot (talk). This draft is not written from a neutral point of view. Wikipedia articles must be written neutrally in a formal, impersonal, and dispassionate way. They should not read like a blog post, advertisement, or fan page. Rewrite the draft to remove:
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Comment: Coverage is largely negative but that is completely missing from this draft. Not surprising given that it is submitted by a paid editor. Avgeekamfot (talk) 08:04, 4 June 2026 (UTC)
- Comment: In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. ~2026-33051-40 (talk) 05:15, 4 June 2026 (UTC)
Openmarkets Group is an Australian financial technology company headquartered in Sydney. It provides brokerage, trading technology, and wealth management infrastructure to financial professionals and institutional clients.[1][2]
History
editOpenmarkets was established in 2012 as a technology-focused stockbroker providing direct market access to Australian equity markets.[3] In 2016, the company entered a strategic partnership with Saxo Capital Markets Australia.[4]
Following regulatory enforcement action in 2023, Openmarkets transitioned from retail brokerage to a dedicated B2B infrastructure model.[5]
Regulatory matters
editIn July 2023, the Australian Securities and Investments Commission (ASIC) announced that Openmarkets Australia Limited had paid a A$4.5 million penalty and entered into an enforceable undertaking. This enforcement action was widely reported by independent financial news outlets.[6]
Business operations
editThe group operates through two main entities: Openmarkets Australia Limited, which holds an Australian Financial Services Licence (AFSL 246705) and is a registered market participant of the ASX, Cboe Australia, and the NSX; and TradeFloor, an options risk management platform.[7]
TradeFloor
editTradeFloor is a platform providing risk management and trading infrastructure for professional clients.
Proposed Nasdaq listing
editOpenmarkets announced plans for a business combination and listing on Nasdaq in 2026.[8]
References
edit- ↑ Reuters (6 Jul 2023). "Australian broker Openmarkets fined $3 million for 'market integrity' violations". https://www.reuters.com/business/retail-consumer/australian-broker-openmarkets-fined-3-mln-market-integrity-violations-2023-07-06/
- ↑ Nine.com.au (5 Jul 2023). "Broker hit with record $4.5 million fine over suspicious trading". https://www.nine.com.au/business-news/openmarkets-4-5-million-dollar-fine-markets-disciplinary-panel-2018-2021-20230706-p5ytbu.html
- ↑ Financial Standard (27 Jan 2026). "Openmarkets to merge, list on Nasdaq". https://www.financialstandard.com.au/news/openmarkets-to-merge-list-on-nasdaq-179811326
- ↑ Professional Planner (5 May 2026). "Fintech looks to add 50 advisers in three years with private advisory launch". https://www.professionalplanner.com.au/2026/05/fintech-looks-to-add-50-advisers-in-three-years-with-private-advisory-launch/
- ↑ Reuters (6 Jul 2023). "Australian broker Openmarkets fined $3 million for 'market integrity' violations". https://www.reuters.com/business/retail-consumer/australian-broker-openmarkets-fined-3-mln-market-integrity-violations-2023-07-06/
- ↑ ASIC (6 Jul 2023). "Openmarkets pays record $4.5 million penalty". https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-184mr-openmarkets-pays-record-4-5-million-penalty-enters-enforceable-undertaking-former-head-of-trading-banned/
- ↑ Financial Standard (27 Jan 2026). "Openmarkets to merge, list on Nasdaq". https://www.financialstandard.com.au/news/openmarkets-to-merge-list-on-nasdaq-179811326
- ↑ Financial Standard (27 Jan 2026). "Openmarkets to merge, list on Nasdaq". https://www.financialstandard.com.au/news/openmarkets-to-merge-list-on-nasdaq-179811326
- provide significant coverage: discuss the subject in detail, excluding routine coverage like product launches, staff appointments, or financial reports and listings in databases or listicles;
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Please add references that meet all three of these criteria. If none exist, the subject is not yet suitable for Wikipedia.