A Visit to Openmarkets in Australia - Office Found

Reason for this visit

Australian stock market is a diversified financial market covering stock trading, bond issuance, fund management, and more. The stock market in Australia has experienced rapid development, appealing to a large number of investors and traders. In terms of regulation, Australian stock market is relatively well-regulated and is primarily overseen by the Australian Securities and Investments Commission (ASIC), an independent federal government agency responsible for regulating the financial industry, including the stock trading market. Its main responsibilities are to ensure market fairness, transparency, and integrity, protect investor interests, and prevent market manipulation and fraudulent activities. Additionally, Australian stock market has other regulatory bodies and mechanisms, such as self-regulatory organizations of exchanges, working together to maintain market stability and healthy development. Currently, there are numerous stock brokers in Australia, with some large brokers having a significant market share and a substantial customer base. These brokers provide various trading platforms and software to facilitate stock trading for investors. Furthermore, some brokers offer financing services to help investors expand their investment scale. Overall, the regulatory system of Australian stock market is relatively sound, with strong regulatory measures in place to effectively protect investor interests and maintain market fairness, transparency, and integrity. In an attempt to provide investors with a more comprehensive understanding of current brokers in Australia, WikiStock survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Australia to visit broker Openmarkets as planned according to its regulatory address that Level 15, 388 George Street, Sydney, NSW 2000, Australia.

The investigators arrived at 388 George Street in Sydney, the capital of NSW, Australia, for a visit to the brokers office on December 8, 2023, and located a hyper-connected commercial building, in the heart of Sydney CBD with a steady stream of people and convenient transportation.

Upon arrival at the 15th floor of the building via the lift for further investigation, the survey personnel spotted Openmarkets‘ office. In the meantime, the company’s name and logo could be seen in the reception area.

The survey team received a warm welcome and paid an internal visit to the brokers office upon a communication with the staff working in the office, where there were six separate rooms and approximately 20 office desks for employees in a clean and tidy working environment.

Through the on-site investigation, its confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Australia to visit broker Openmarkets as scheduled, and found the companys name at its regulatory address. This denotes that the broker has a physical business office at the place. Meanwhile, investors are advised to make an informed decision following an overall consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.