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OpenMarkets

Australia’s Next Evolution Online Trading Platform

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OpenMarketsAustralia’s Next Evolution Online Trading Platform
$1,935,000
Raised
of
$1,000,000
Industry
Financial Tech
Location
Australia
Founded
September 2012
Employees
10-20

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Highlights

Turnover $3bn+ per month
The only online broker connected to the ASX, NSX, SIM VSE and Chi-X Australia
Founded in June 2013, live in Jan 2015 and are now the second largest online broker (by trade turnover) in Australia

Business Summary

OpenMarkets is an advanced IT focused online broking firm, which was founded in 2012, that offers a completely independent service. It provides clients, based locally and abroad, with direct market access to ASX, Chi-X and NSX markets, ASX Exchange Traded Options, ASX Warrants and Exchange Traded Funds, Managed Funds and a range of Fixed Income products provided by the leading banks.

Pitch Deck

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Management

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Rick Klink
CEO
Rick is an IT specialist with more than 20 years’ experience in financial services. He's committed to breaking new grounds in online investing. Following a successful 10 year career with IBM, Rick left in 1997 to start investment software company, Paritech - the technology behind OpenMarkets.
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Andrea Marani
Chief Operating Officer
Andrea oversees and manages our entire operations. His 20 years+ experience in overseas markets includes the launch of South African online broker, Global Trader, and management roles at a number of global investment banks. In Australia he's served in senior management roles at two large broking firms.
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Leo Lopez
Head of Sales
Leo is responsible for the development and growth of our sales team, and his career in financial services spans over 20 years in both retail and investment banking
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Frank Malcolm
General Manager
Frank brings extensive experience in the securities industry through his role as executive director of Westpac’s securities custody business and at two Australian brokerages prior to joining OpenMarkets.
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Craig Crevola
Chief Technology Architect
Craig is the technology architect behind the scenes. Specialising in product development and system integration, Craig and his team ensures our technology is robust, flexible and built to the highest standards.

Board of Advisors

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Rick Klink
Board Member
Co-Founder. IT Specialist with more than 20 years experience in Financial Services. Founder of Paritech, a financial software company.
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Emlyn
Board Member - Investor
Co-Founder. CEO National Stock Exchange of Australia. Co-Founder CapitalPitch. 25 years experience in finance and business development.
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John Brownsea
Board Member - Investor
Owner Yarra Accounting Group, financial advisor and Chartered Accountant KPMG.
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Fergus Scott
Board Member - Investor
Owner of largest obstetric ultrasound practice in Australia, now with Monash IVF.

Milestones

OpenMarkets integrates with AdviserLogic financial planning software: http://www.openmarkets.com.au/2015/12/
December 04, 2015
OpenMarkets connects to IRESS trading software, expanding platform choice for clients: http://www.openmarkets.com.au/2015/11/
November 08, 2015
OpenMarkets launches Chi-X trading to cut costs and improve execution for professional and institutional investors: http://www.openmarkets.com.au/openmarkets-launches-chi-x-trading-to-cut-costs-and-improve-execution-for-professional-and-institutional-investors/
August 05, 2015
OpenMarkets integrates with Omgeo to automate post-trade processing, opening doors to asset managers and institutional investors: http://www.openmarkets.com.au/2015/06/
June 23, 2015
OpenMarkets connects its broking technology with robo-advice company Ignition Wealth: http://www.openmarkets.com.au/2015/04/
April 28, 2015
OpenMarkets added to Xpress Super broking panel. OpenMarkets has integrated its trading services with discount DIY superannuation administration provider, Xpress Super. Now clients using Xpress Super can select to trade through OpenMarkets for lower cost brokerage and transaction datafeeds.
April 08, 2015
Appointment of Igor Shparberg as senior sales manager: http://www.openmarkets.com.au/2014/12/
December 18, 2014
OpenMarkets executes its first direct managed funds trade through its new Multi-Asset Trading Hub: http://www.openmarkets.com.au/2014/11/
November 24, 2014
OpenMarkets Launches: http://www.openmarkets.com.au/2014/09/
September 17, 2014
OpenMarkets launches its FIX real-time gateway for Australian equity markets. http://www.openmarkets.com.au/2014/04/
April 07, 2014
Appointment of Leo Lopez as Head of Sales: http://www.openmarkets.com.au/2014/02/
February 03, 2014

Press

AFR: OpenMarkets sets targets, argues it turned away BBY business
August 27, 2015
Read Article
The Australian: “Automated broker OpenMarkets challenges banks”
April 28, 2015
Read Article
Australian Financial Review: “New online broker opens for business”
October 08, 2014
Read Article
Sky Business News 22 October 2013: Rick Klink talks on OpenMarkets
October 25, 2013
Read Article
Money Management: “OpenMarkets looks to growth”
October 11, 2013
Read Article
Investor Daily: “ASX welcomes new online broker”
October 09, 2013
Read Article
Wealth Professional: “New online broker targets advisers”
October 08, 2013
Read Article

Key Customers

AG Capital Markets
AG Capital Markets is an Australian boutique investment advisory and online trading firm with offices in Sydney, NSW and Broadbeach Waters, Queensland.
Kaz Capital
Kaz Capital is a specialised financial services provider offering expert advice to domestic and foreign high net worth individuals and institutions.
Hewison Private Wealth
We personally tailor our plans and advice specifically to your financial needs.
Kosec Kodari Securities
A leading provider of investment services to a substantial and diversified client base in Australia, including corporations and high net worth individuals.
Giles Wade
Delivers a holistic and bespoke financial and asset management service to select clients.

Key Partners

OmniTrader
OmniTrader is one of the most powerful trading platforms available. It provides you with various tools to analyze the market and brings you the best candidates.
Stex Investor Software
STEX Investor Software was created to provide an economical and efficient way to technically analyse the stock market and manage investment portfolios for both private and professional investors both in Australia and worldwide.
Market Scan
Marketscan incorporates fundamental analysis, company information, technical analysis and scanning all into one powerful investment tool.
MetaStock
MetaStock is a full-featured, professional-level charting program, and the world's most powerful technical analysis software for traders.
AdviceConnect
We are robo-advice specialists with solutions for advice businesses, and super funds. We also develop custom web and mobile apps, specialising in enterprise finance solutions.
Value Labs
We are a global business technology solutions and services provider. In an age when technology plays a critical role in business strategy, we are pioneering industry-specific solutions and new age digital practices that enable rapid growth, rich value, and specific business outcomes.
Cogent
We provide software delivery consultants to add capacity and capability into your in-house team.
AdviserLogic
AdviserLogic is an Australian financial services technology company which customises business solutions for Financial Planners and Risk Advisers.
Macquarie Wrap
Macquarie Wrap is the platform that gives you visibility, flexibility and control of your clients' investments.
VisiPlan - Iress
Iress owned planning software
MidWinter
Provide a range of cutting edge financial planning software packages, in particular – our latest offering – AdviceOS
Rubik
Rubik is a leading technology company listed on the ASX that delivers innovative solutions to the wealth management, mortgage broking and banking segments within financial services both in Australia and internationally.
XPLAN
XPLAN is the most comprehensive range of integrated wealth management software tools in Australia.
Quicken
Money management software
ShareSight
Sharesight share portfolio management software provides a central, online repository for all your portfolio data, keeping it backed-up and secure.
Premium
Praemium is an independent platform provider publicly listed on the ASX
UNIP
At UNIP, we provide a quality SMSF administration platform, with pro-active tax return and audit services at an affordable price.
Superfund Wholesale
Insourced smsf admin solutions for forward-thinking advisers.
Superfund Partners
Superfund Partners is one of the largest independent specialist SMSF businesses in the country.
SuperMate
SMSF Accounting Software by Australia's most experienced SMSF developer!
BGL
One of the largest suppliers in the world of compliance software for corporate secretarial and superannuation fund management.
Class Super
Cloud software solutions for the Australian wealth accounting market since 2009.
BT Wrap
BT Wrap is an investment platform managed with your financial adviser with access to all ASX listed securities, over 580 managed funds, and term deposits, and provides easy administration and consolidated reporting for individual investors, partnerships, trusts, companies and self-managed super funds.
Commonwealth Bank CMA
Commonwealth Bank CMA
Commonwealth Bank Cash Management Account
NAB Margin Lending
A NAB Equity Facility allows you to borrow against an extensive range of domestic stocks, international stocks, and managed funds.
CBA Margin Lending
Commonwealth Bank Margin Lending facility, which allows investors to unlock the equity in their existing investments, and combine it with borrowed funds to expand your portfolio.
ANZ Margin Lending
ANZ Margin lending facility
Leveraged
Leveraged provides the framework to incorporate gearing into their clients’ wealth creation strategies.
DDH Graham
DDH Graham Limited is a Brisbane based funds management and administration organisation providing CMA services.
Macquarie Bank CMA
Macquarie Bank cash facilities
Bank West CMA
Bank West cash management facility

Previous Rounds

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Data Room

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External Review

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