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| {{Infobox company| | |||
| company_name = optionsXpress Holdings Inc. | | |||
| company_logo = ] | | |||
| company_type = Subsidiary | | |||
| 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> | |||
| 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> | |||
| • June 10, 2013 U.S. SEC fines optionsXpress, individuals $4.8 mln for naked short sales <ref>http://www.reuters.com/article/2013/06/10/optionsxpress-penalty-sec-idUSL2N0EM0V820130610</ref> | |||
| ==Industry Awards and rankings== | |||
| optionsXpress earned four stars and finished fifth overall in the StockBrokers.com 2011 Online Broker Review.<ref>, January 18, 2011.</ref> In 2012, they earned five stars and a third place finish, moving up two positions.<ref>, February 21, 2012.</ref> For 2013, optionsXpress moved down, earning three and a half stars, a seventh place finish; however, they were awarded Best Trade Ticket and Best New Tool for their "Walk Limit" order type.<ref>, February 19, 2013.</ref> In 2014, optionsXpress shifted back down again to a ninth place with an improved four star rating and were awarded #1 Trade Ticket for the second year running.<ref>, February 18, 2014.</ref> | |||
| Barron's rated optionsXpress their first-ever 4 ½ stars in March, 2003.<ref> optionsxpress.com. Retrieved 2010-12-10.</ref> From 2004-2006, Barron's rated optionsXpress "Best Online Broker" for three years in a row.<ref> optionsxpress.com. Retrieved 2010-12-10.</ref> A few years later in March of 2009, they are Rated "Best Online Broker for Usability" (4 stars) by Barron's.<ref> optionsxpress.com. Retrieved 2010-12-10.</ref> Barron's rated optionsXpress 4 stars in March, 2010 based on Usability, Trade Experience, Trading Technology, Range of Offerings, Research Amenities, Portfolio Analysis & Report, Customer Service & Access, and Costs.<ref> optionsxpress.com. Retrieved 2010-12-10.</ref> March of 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> | |||
| Smart Money named optionsXpress the "Best Discount Broker" in August of 2004. <ref> optionsxpress.com. Retrieved 2010-12-10.</ref> In May, 2009 they are rated 5 stars (highest) for Trading Tools by Smart Money.<ref> optionsxpress.com. Retrieved 2010-12-10.</ref> | |||
| Considered the "2010 Broker of the Year" by The Options Insider in January of 2011, based on tools/platform quality, quantity/quality of education, execution quality, commissions, and order routing<ref> optionsxpress.com. Retrieved 2011-3-25.</ref> | |||
| ==See also== | |||
| * ] | |||
| ==References== | |||
| {{Reflist|30em}} | |||
| ==External links== | |||
| * {{Official website|www.optionsxpress.com}} | |||
| {{DEFAULTSORT:Optionsxpress}} | |||
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Latest revision as of 19:59, 20 February 2019
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