Broking firm Opes Prime has replaced its manual systems with an online trading platform in a bid to capture the retail market and expand overseas.
"This system enables us to grow. It will open us up to a much bigger market, including the retail market and will be a key part of our offshore expansion into Asia and Europe," Opes Prime chief investment officer Anthony Blumberg said.
"This system can be set up in any market relatively easily. We will soon be taking it to Singapore to support our newly launched business there, and hope to launch in new markets throughout Asia and Europe.
"Allowing Opes Prime to consolidate small loans is important for the company's future retail plans. Sophisticated retail investors find it difficult to get small loans on stocks, especially on mid-cap and small-cap stocks."
The system includes a multi-market and multi-currency system.
The Opes Prime First platform will allow investors to trade online in securities lending and equity financing. Investors can access small loans on stocks.
