OpenMarkets Equix is the new platform by digital ASX trading platform OpenMarkets Australia and is designed to offer a fast, low-cost online solution for trading and investing in Australian securities.
Clients will be able to trade in ASX-listed equities, warrants and a full suite of products including ETFs, as well as analyse their performance, access charts, create alerts and download reports.
The mobile and web tool is free for customers utilising its click-refresh-live-data version or users can upgrade to streaming at a cost.
Chief executive of OpenMarkets Andrea Marani said it was a significant development and was already gaining traction with clients.
“The decision to develop a new trading platform came after identifying the need to give clients trading tools that could be customised and integrated into OpenMarkets broader platform ecosystem, such as access to global markets and complementary third-party tools,” he said.
The initial release will be the first of many future enhancements to deliver market-leading trading and tools to retail and intermediary clients.
“The mobile app really enhances the trading experience by giving our clients on-the-go access to what is happening in the markets. It is also a significant step in delivery and execution of our digital strategy that has mobility as a key focus,” Mr Marani said.
It was developed in partnership with Quant Edge, an algorithmic trading tech company, which will deliver enormous benefits, he said.
“They are extremely responsive to requests and extremely fast at adding new features – exactly the service our clients want and expect,” Mr Marani said.
Equix has been built using HTML 5 technology for speed and is designed in a linkable widget-based format, but can expand to allow users to customise their trade screening.
Eliot Hastie is a journalist on the wealth titles at Momentum Media.
Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.
Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).