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OpenMarkets adds XPLAN integration in major expansion of its third-party network

By May 20, 2016 No Comments

MEDIA RELEASE

20th May 2016

OpenMarkets clients can now enjoy full integration with financial planning software XPLAN, as Australia’s independent technology stockbroker takes another step towards becoming the sector’s most connected broker.

OpenMarkets_integrates_IRESS_XPLAN_

The integration allows advisers trading through OpenMarkets the ability to access client transactions and holding information directly from XPLAN, removing the hassle of keying in the data themselves.

OpenMarkets sees the integration as a natural step in broadening the company’s offering to independent advisers, and is part of its overall drive to expand its third-party network and bring greater efficiency to users.

OpenMarkets CEO Rick Klink said, “The development with XPLAN is a natural evolution for OpenMarkets, as we continue to gain market share in the independent advisory space.”

“It solves one of the most common issues experienced by advisers – the duplications and double-keying of data between platforms. Today we have the technology to remove this redundancy and OpenMarkets will continue to integrate with other leading software providers,” said Klink.

“As Australia’s only truly independent, technology-focused stockbroker, we have the opportunity to integrate our broking services with a range of third-party platforms.”

“Our mission is to become the most connected online broker in the industry, to continue to enhance our service to clients, and help foster innovation in the broader wealth creation industry.”

OpenMarkets has recently signed its 40th intermediary group and has won the broking business of a large Melbourne-based private wealth management firm from a leading player in the sector. OpenMarkets is currently ranked in Australia’s top 15 brokers by trading volume – with an average monthly turnover of almost $3 billion.

In addition to XPLAN, it provides data feeds to Class Super, Sharesight, Praemium, and Adviser Logic, and builds custom feeds for intermediary and ‘robo advice’ clients.

The integration is available on all versions of XPLAN.

– ENDS –

Media Contact:
Genevieve Wood
­OpenMarkets Communications Manager
P 03 8199 7702
E g.wood@openmarkets.com.au

About OpenMarkets

OpenMarkets Australia Limited (OpenMarkets) is an independent, technology-focused execution-only stockbroker that powers professional traders, intermediaries and the new breed of ‘robo advisers’ with innovative, high-quality execution services for trading on ASX, Chi-X, NSX and SIM VSE exchanges.

Visit www.openmarkets.com.au for more information.

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