OpenMarkets Group

What OpenMarkets Group does

OpenMarkets Group (legal entity Openmarkets Australia Limited) is an Australian B2B fintech founded in 2012 and headquartered in Sydney, operating as a regulated market participant of the ASX, Cboe Australia, and NSX. The company provides end-to-end wealth management and trading infrastructure spanning execution, clearing, settlement, custody, and HIN services for Australian and international equities, with additional AFSL licensing support through its Private Wealth CAR offering. Its core technology layer is an API-first architecture exposing open FIX and REST APIs, complemented by a developer portal and an ISO 27001:2022-certified security posture, allowing fintechs, advisers, and professional traders to embed OpenMarkets' rails directly into their own applications.

The product portfolio combines brokerage services with modular add-ons including Enterprise APIs, a recently launched AI-powered Wealth Management SaaS for portfolio administration and compliance automation, Managed Accounts with automated rebalancing, Portfolio Administration (mailhouse, tax engine, performance reporting), a Trading Terminal with customisable branding, Equity Capital Markets deal-flow access, and a real-time margin and derivatives pricing engine. Revenue is generated across multiple streams: subscription-based SaaS for the wealth management module, transaction fees on brokerage and execution services, usage-based API access, and managed-services arrangements. Go-to-market is hybrid, combining enterprise field sales with self-serve developer onboarding.

In 2025–2026, OpenMarkets is executing a strategic pivot, expanding into decentralised finance (crypto trading, real-world asset tokenisation, and a potential OMG stablecoin), pursuing international expansion into Asia and the United States, and preparing a Nasdaq listing via a SPAC merger with Lake Superior Acquisition Corp. at a USD $300 million valuation. The company has supplemented this with senior leadership hires (a newly created Chief Product and Technology Officer role and Head of Sales) and an acquisition of FXE Trading Academy, while broadening its board ahead of the public listing.

Name

OpenMarkets Group

Legal name

Openmarkets Australia Limited

Website

https://openmarkets.group

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

OpenMarkets Group is an Australian B2B fintech that provides brokerage, clearing, settlement, custody, and API infrastructure to fintechs, financial advisers, wealth managers, and professional traders, and is now expanding into DeFi and crypto services.

Ownership category

akta.pro rank

Product category

Wealth Management and Trading Infrastructure

NAICS

Portfolio Management and Investment Advice (523940), Investment Banking and Securities Intermediation (523150), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Investment Advice (6282)

akta.pro primary industry

Digital Wealth Platforms for Advisors (TAMP/Advisor Tech) (FSAGAEAH)

akta.pro secondary industries

Alternatives & Multi-Asset Digital Wealth Platforms (PE/VC/Real Assets access) (FSAGAEAL), Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM), Execution-Only / Self-Directed Investing Platforms (FSAAAAAI)

Keywords

• Wealth management SaaS
• Trading infrastructure APIs
• Execution clearing settlement
• Portfolio administration services
• Managed accounts platform

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Wealth Management SaaS Subscription: Subscription-based SaaS model for wealth management platform providing portfolio administration, reconciliation, and compliance automation.
2. Brokerage and Trading Services: Execution, clearing and settlement services for Australian and international equities markets.
3. Enterprise API Access: API access fees for fintech platforms and institutional brokers accessing trading and market data capabilities.
4. Private Wealth CAR Services: AFSL services and technology resources for advice professionals operating as Corporate Authorised Representatives.
5. Managed Accounts: Automated rebalancing and portfolio management services with compliance and reporting capabilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

OpenMarkets Group provides end-to-end wealth management and trading infrastructure to B2B clients, combining brokerage execution/clearing/settlement, open FIX and REST enterprise APIs, and an AI-powered wealth management SaaS platform that automates portfolio administration, reconciliation and compliance for wealth managers and family offices. The platform is enhanced through modular offerings including Private Wealth CAR licensing, Managed Accounts, Portfolio Administration, Trading Terminal, Equity Capital Markets deal access, and real-time Risk Management, with ISO 27001:2022 certified security and ASX/Cboe/NSX market participant status.

Product overview

OpenMarkets Group operates as a B2B wealth management and trading infrastructure provider offering an integrated platform-plus-modules architecture. The core offering comprises Brokerage Services (execution, clearing, settlement) and Enterprise APIs (FIX/REST trading and market data APIs), which can be enhanced with specialized modules including Wealth Management SaaS (AI-powered platform for portfolio administration, reconciliation, and compliance), Private Wealth CAR (AFSL licensing infrastructure), Managed Accounts (automated rebalancing), Portfolio Administration (mailhouse, tax, reporting), Trading Terminal (adviser order management), Equity Capital Markets Offers (exclusive deal access), and Risk Management (margin/derivatives pricing engine). The company also provides crypto trading and tokenization capabilities as part of its DeFi expansion strategy.

Differentiator

Problem solved

Functional benefit

Products and services

• Brokerage Services Provides secure, fast and reliable connection to Australian and international equity markets with execution, clearing and settlement capabilities for fintechs, advisers and institutional brokers.
• Enterprise APIs Direct market access through low-latency open FIX and REST APIs for fintechs and institutional brokers, enabling trading and market data integration with streaming APIs for real-time data.
• Wealth Management SaaS AI-powered SaaS platform that drives personalised wealth management at scale by handling data complexity and operational inefficiency, automating portfolio administration, reconciliation and compliance functions for wealth managers and family offices.
• Private Wealth CAR Provides AFSL licensing infrastructure, technology and services for advice professionals operating as Corporate Authorised Representatives (CAR), enabling them to operate under OpenMarkets' regulatory umbrella.
• Managed Accounts Automated, rapid rebalancing technology using personalised or model portfolios, backed by comprehensive compliance features and robust reporting for advisers and wealth managers.
• Portfolio Administration (MDA PAS) Mailhouse, tax engine and performance reporting solutions that help advisers effectively manage client portfolios across managed discretionary account workflows.
• Trading Terminal Adviser trading platform for managing equity orders and client access across Australian markets, with customisable branding options and choice of underlying tech platforms such as IRESS and MOTTAI.
• Equity Capital Markets Offers Leverages OpenMarkets' broker network to provide clients with access to exclusive capital markets deals and deal flow.
• Risk Management Real-time margin and derivatives pricing engine for retail derivatives in the Australian market.

Quantifiable outcome

• $1 billion in funds invested by Pearler using Openmarkets technology
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• BW EquitiescoreImplementation/ SI/ Consulting Partner · 24 March 2026BW Equities, an Australian corporate and investment advisory firm, has engaged Openmarkets to deploy a multi-year technology solution comprising wealth management SaaS and trading and execution capabilities for domestic and international equities. The execution solution has already gone live, with Openmarkets' solutions expected to drive efficiencies and reduce administrative burden for BW Equities' advisers and staff. Both companies have framed the partnership as a strategic win-win that will support better client outcomes and expand the services BW Equities can offer.
• EventuscoreTechnology or Integration · 13 October 2025Openmarkets Group signed a contract with US-based Eventus to implement its Validus trade surveillance platform in 2025. The platform will monitor all trades and orders, supporting Openmarkets' growth plans in multiple regions. Eventus won two best-in-class awards for Validus trade surveillance solution in Regulation Asia Awards for Excellence 2025.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• IRESS: Australian-headquartered trading and market data infrastructure provider. IRESS is referenced as a compatible trader platform within OpenMarkets' own offering and competes across order management, market data, and connectivity for advisers and professional traders — the same segments OpenMarkets serves.
• Interactive Brokers: Global multi-asset broker offering FIX/REST APIs, white-label and institutional connectivity, and direct market access across dozens of venues. Competes with OpenMarkets for institutional brokers and fintech platforms seeking global execution, though at vastly greater scale.
• TradeStation: Multi-asset broker with an API platform serving active traders and fintechs. Comparable in offering low-latency execution, FIX/REST connectivity, and developer tooling — competing for the same professional-trader and platform-integration segments.
• FNZ: Global wealth management platform serving major financial institutions with end-to-end platform technology including adviser tools, custody, and trading. Overlaps with OpenMarkets' wealth-management SaaS and managed-account modules, especially as OpenMarkets targets larger institutional wealth clients.

Direct peers

• HUB24: Leading Australian managed accounts and wrap platform serving financial advisers and wealth managers with portfolio administration, model portfolios, and rebalancing — directly overlapping with OpenMarkets' Wealth Management SaaS, Managed Accounts, and MDA PAS modules.
• Praemium: Australian and global managed accounts/wealth platform offering portfolio administration, reporting, and rebalancing technology to advisers and wealth managers. Competes head-to-head with OpenMarkets' Wealth Management SaaS and managed-account stack in Australia and increasingly offshore.
• Alpaca: US-based API-first brokerage that lets fintechs embed stock and crypto trading via APIs. Mirrors OpenMarkets' core fintech/API GTM motion and competes for the same developer-led fintech integrations, particularly as OpenMarkets expands into the US.
• Saxo Bank: Global broker providing white-label trading infrastructure and APIs to banks, advisers, and fintechs. Directly comparable business model to OpenMarkets' B2B execution, custody, and platform-for-partners offering, with stronger international footprint.
• Tradier: US-based brokerage-as-a-service platform providing REST and FIX APIs for trading, market data, and account management to fintechs and developers. Closest direct competitor to OpenMarkets' Enterprise APIs product line in target customer and integration model.

Emerging players

• Coinbase Prime: Institutional crypto prime brokerage offering custody, trading, and staking infrastructure. Comparable to the crypto-trading and tokenisation ambitions OpenMarkets is building toward via its DeFi push, and a likely competitor if OpenMarkets launches its OMG stablecoin or RWA tokenisation products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/openmarkets_aus
• LinkedInlinkedin.com/company/openmarkets-online-investing

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OpenMarkets Group