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{{Infobox company| | |||
company_name = optionsXpress Holdings Inc. | | |||
company_logo = ] | | |||
company_type = Subsidiary of ] ({{NYSE|SCHW}})| | |||
industry = ]/]s | | |||
founded = ] (2000) | | |||
location = ], USA | | |||
key_people = Joe Vietri, CEO <br> Barry Metzger, CCO| | |||
num_employees = 423 (December 2009)| | |||
market_cap = 1.51B (2006) | | |||
homepage = | |||
}} | |||
'''optionsXpress Holdings, Inc.''' is a retail, ] ], headquartered in Chicago, Illinois, that provides brokerage services for ], stocks, futures, ], and fixed-income investments in the United States and internationally. Its browser-based technology provides trading tools, enabling investors to identify, analyze, and execute a range of investment strategies.<ref> at Yahoo! Finance.</ref> | |||
The company's education unit offers a full range of education products and services for traders at all experience levels—from beginners to the very advanced. All traders gain access to a comprehensive suite of education for stock, option, foreign exchange and futures investors and traders. optionsXpress offers free live webinars covering a range of topics including, strategy discussion, market outlooks, and optionsXpress site tutorials. The company also hosts free in-depth live events that provide education on options strategies and trade execution tailored to beginner, intermediate and advanced investors. | |||
Virtual Trade, optionsXpress' virtual trading platform, gives customers the ability to test trading strategies and ideas under real market conditions, without putting real money on the line.<ref> SEC. Filed 2010-03-01.</ref> | |||
The Charles Schwab Corporation and optionsXpress Holdings, Inc. announced on March 21, 2011 that Schwab will acquire optionsXpress.<ref> Press Release</ref> | |||
==History== | |||
• 2000 – optionsXpress founded by Ned Bennett, David Kalt and Jim Gray<ref> FINRA. Retrieved 2010-12-10.</ref> | |||
• March 2003 – The company creates brokersXpress to serve registered representatives, financial planners and registered investment advisors<ref> brokersXpress.com. Retrieved 2010-10-10.</ref> | |||
• 2004 – Inception of optionsXpress International, which expanded the company's offerings internationally<ref> SEC. Filed 2009-03-02.</ref> | |||
• 2004 – optionsXpress' services are extended to Australia<ref> SEC. Filed 2009-03-02.</ref> | |||
• 2005 – optionsXpress goes public with an IPO<ref> moneycentral.hoovers.com. Retrieved 2010-12-10.</ref> | |||
• 2005 – The company begins offering its services in Canada<ref> SEC. Filed 2009-03-02.</ref> | |||
• 2006 – The company expands its offerings to Singapore<ref> SEC. Filed 2009-03-02.</ref> | |||
• 2006 – The company launches optionsXpress Europe<ref> SEC. Filed 2009-03-02.</ref> | |||
• January 2007 – optionsXpress acquires Xpresstrade, which increased optionsXpress' offerings to include over 300 futures products worldwide<ref> reuters.com. Dated 2007-01-24.</ref> | |||
• October 2007 – David Fisher becomes CEO (previously served as CFO)<ref> forbes.com. Retrieved 2010-12-10.</ref> | |||
• July 2008 – Acquisition of Paragon Futures/Open E Cry<ref> secwatch.com. Filed 2008-08-11.</ref> | |||
• May 2009 – Acquisition Lanai Partners, LLC/Optionetics, Inc. This acquisition widened the breadth of optionsXpress' educational offerings, which now include workshops, classes (live and online), newsletters, DVDs and strategy support<ref> insideview.com. Retrieved 2010-12-10.</ref> | |||
• July 2009 – Launch of OX Mobile, allowing OX customers to monitor their accounts from their mobile phones<ref> highbeam.com. Dated 2009-07-12.</ref> | |||
• May 2010 – optionsXpress launches Xtend, a downloadable and customizable platform that offers real-time streaming quotes, charts, and news on users’ desktops<ref> thestreet.com. Dated 2010-05-03.</ref> | |||
• March 21, 2011 — ] (SCHW.N) announced a buyout of optionsXpress Holdings Inc (OXPS.O) in a $1 billion deal, valuing optionsXpress at $17.91/share.<ref>{{cite news |url=http://www.mysanantonio.com/business/article/Charles-Schwab-buys-OptionsXpress-for-1B-1235490.php |title=Charles Schwab buys OptionsXpress for $1B |publisher=Associated Press |date=March 21, 2011 }}</ref> | |||
==Industry Awards and rankings== | |||
• March 2003 – Barron's rates optionsXpress first-ever 4 ½ stars<ref> optionsxpress.com. Retrieved 2010-12-10.</ref> | |||
• August 2004 – Named "Best Discount Broker" by Smart Money<ref> optionsxpress.com. Retrieved 2010-12-10.</ref> | |||
• 2004–2006 – Barron's rated optionsXpress "Best Online Broker" for three years in a row<ref> optionsxpress.com. Retrieved 2010-12-10.</ref> | |||
• March 2009 – Rated "Best Online Broker for Usability" (4 stars) by Barron's<ref> optionsxpress.com. Retrieved 2010-12-10.</ref> | |||
• May 2009 – Rated 5 stars (highest) for Trading Tools by Smart Money<ref> optionsxpress.com. Retrieved 2010-12-10.</ref> | |||
• March 2010 – Barron's rated optionsXpress 4 stars – based on Usability, Trade Experience, Trading Technology, Range of Offerings, Research Amenities, Portfolio Analysis & Report, Customer Service & Access, and Costs – making it nine years in a row that the company is recognized for its excellence in the online brokerage industry<ref> optionsxpress.com. Retrieved 2010-12-10.</ref> | |||
• January 2011 — "2010 Broker of the Year" by The Options Insider, based on tools/platform quality, quantity/quality of education, execution quality, commissions, and order routing<ref> optionsxpress.com. Retrieved 2011-3-25.</ref> | |||
• March 2011 – Barron's rated optionsXpress 4 stars – based on Usability, Trade Experience, Trading Technology, Range of Offerings, Research Amenities, Portfolio Analysis & Report, Customer Service & Access, and Costs – making it ten years in a row that the company is recognized for its excellence in the online brokerage industry<ref> optionsxpress.com. Retrieved 2011-3-25.</ref> | |||
==References== | |||
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==External links== | |||
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Latest revision as of 19:59, 20 February 2019
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