OpenMarkets

OpenMarkets was a financial technology company that operated an electronic communication network (ECN) for trading equities. Founded in 2007, it aimed to provide a more transparent and efficient trading environment for institutional investors. The platform offered direct market access and a centralized venue for price discovery and order execution. OpenMarkets distinguished itself by focusing on a flat fee structure rather than per-share charges, which it argued benefited active traders. The company also emphasized its commitment to regulatory compliance and market integrity.

In its operational phase, OpenMarkets sought to attract liquidity by fostering a community of buy-side and sell-side participants. It facilitated block trading and provided tools for sophisticated order management. The company's technology was designed to handle high volumes of trading activity with low latency. OpenMarkets operated as a registered broker-dealer and was regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

The company eventually ceased its operations as an ECN. Its assets and technology were acquired by other entities in the financial technology space. The legacy of OpenMarkets lies in its contributions to the evolving landscape of electronic trading, particularly its efforts to innovate pricing models and enhance transparency in the equity markets during its period of active development and operation.