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{{Use mdy dates|date=April 2013}} {{Use mdy dates|date=April 2013}}
{{Infobox company| {{Infobox company
name = optionsXpress Holdings Inc. | | name = optionsXpress, Inc.
logo = File:Ox Logo.jpg | | logo = File:Ox Logo.jpg
type = Subsidiary | | type = Subsidiary
industry = ]/]s | | industry = ]/]s
founded = ] (2000) | | founded = ] (2000)
location = ], USA | | location = ], USA
key_people = Joe Vietri, CEO <br> Barry Metzger, CCO| | key_people = Joe Vietri, CEO <br> Barry Metzger, CCO
num_employees = 423 (December 2009)| | num_employees = 423 (December 2009)
parent = ] | | parent = ]
homepage = {{URL|http://www.optionsxpress.com/}} | homepage = {{URL|http://www.optionsxpress.com/}}
}} }}


'''optionsXpress''' is a service of the ] that provides an ] for ], specializing in the trading of ].
'''optionsXpress Holdings, Inc.''' is a retail, ] ], headquartered in Chicago, Illinois, that provides brokerage services for ], stocks, futures, ]s, and ] 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== ==History==
* 2000 – optionsXpress founded by Ned Bennett, David Kalt and Jim Gray<ref> FINRA. Retrieved 2010-12-10.</ref> * 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> * March 2003 – The company creates brokersXpress to serve registered representatives, financial planners and registered investment advisors
* 2004 – Inception of optionsXpress International, which expanded the company's offerings internationally<ref name=autogenerated2> SEC. Filed 2009-03-02.</ref> * 2004 – Inception of optionsXpress International, which expanded the company's offerings internationally
* 2004 – optionsXpress' services are extended to Australia<ref name=autogenerated2 /> * 2004 – optionsXpress' services are extended to Australia
* 2005 – optionsXpress goes public with an IPO<ref> moneycentral.hoovers.com. Retrieved 2010-12-10.</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 name=autogenerated2 /> * 2005 – The company begins offering its services in Canada
* 2006 – The company expands its offerings to Singapore<ref name=autogenerated2 /> * 2006 – The company expands its offerings to Singapore
* 2006 – The company launches optionsXpress Europe<ref name=autogenerated2 /> * 2006 – The company launches optionsXpress Europe
* January 2007 – optionsXpress acquires Xpresstrade, which increased optionsXpress' offerings to include over 300 futures products worldwide<ref> reuters.com. Dated 2007-01-24.</ref> * January 2007 – optionsXpress acquires Xpresstrade, which increased optionsXpress' offerings to include over 300 futures products worldwide<ref>{{cite news | url=http://www.reuters.com/article/optionsxpress-idUSWEN271120070124 | title=optionsXpress buys XpressTrade | work=] | date=January 24, 2007}}</ref>
* October 2007 – David Fisher becomes CEO (previously served as CFO)<ref> forbes.com. Retrieved 2010-12-10.</ref> * October 2007 – David Fisher becomes CEO (previously served as CFO)
* July 2008 – Acquisition of Paragon Futures/Open E Cry<ref> secwatch.com. Filed 2008-08-11.</ref> * July 2008 – Acquisition of Paragon Futures/Open E Cry
* 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> * 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
* 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> * July 2009 – Launch of OX Mobile, allowing OX customers to monitor their accounts from their mobile phones
* 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> * May 2010 – optionsXpress launches Xtend, a downloadable and customizable platform that offers real-time streaming quotes, charts, and news on users’ desktops
* 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> * March 21, 2011 — ] announced the acquisition of optionsXpress Holdings Inc in a $1 billion transaction.<ref>{{cite news | url=http://www.washingtonpost.com/wp-dyn/content/article/2011/03/21/AR2011032101535.html | title=Charles Schwab buys OptionsXpress for $1B | work=] | publisher=] | date=March 21, 2011}}</ref>
* June 10, 2013 U.S. SEC fines optionsXpress, individuals $4.8 mln for naked short sales <ref></ref> * June 10, 2013 U.S. SEC fines optionsXpress, individuals $4.8 mln for naked short sales.<ref>{{cite news | url=http://www.reuters.com/article/optionsxpress-penalty-sec-idUSL2N0EM0V820130610 | title=U.S. SEC fines optionsXpress, individuals $4.8 mln for naked short sales | work=] | date=June 10, 2013}}</ref>

==Industry awards and rankings==
optionsXpress has received numerous top rankings by personal finance publications, including the top-star ranking in the annual '']'' online broker review for five years in a row.<ref>, Features, Barron's Online, Dow Jones WebReprint Service (March 6, 2006).</ref> Top rankings have also been awarded to optionsXpress by ]<ref>, Website Reviews, Best of the Web, Forbes.com (2007).</ref> and Kiplinger's.<ref>, by Steven Goldberg and Jessica Anderson, Trading, Kiplinger.com (July 2006).</ref>


==See also== ==See also==
* ] * ]


==References== ==References==

Revision as of 16:43, 19 March 2017

optionsXpress, Inc.
Company typeSubsidiary
IndustryFinancial Services/Brokerages
FoundedChicago, IL (2000)
HeadquartersChicago, IL, USA
Key peopleJoe Vietri, CEO
Barry Metzger, CCO
Number of employees423 (December 2009)
ParentCharles Schwab Corporation
Websitewww.optionsxpress.com

optionsXpress is a service of the Charles Schwab Corporation that provides an electronic trading platform for investing online, specializing in the trading of options.

History

  • 2000 – optionsXpress founded by Ned Bennett, David Kalt and Jim Gray
  • March 2003 – The company creates brokersXpress to serve registered representatives, financial planners and registered investment advisors
  • 2004 – Inception of optionsXpress International, which expanded the company's offerings internationally
  • 2004 – optionsXpress' services are extended to Australia
  • 2005 – optionsXpress goes public with an IPO
  • 2005 – The company begins offering its services in Canada
  • 2006 – The company expands its offerings to Singapore
  • 2006 – The company launches optionsXpress Europe
  • January 2007 – optionsXpress acquires Xpresstrade, which increased optionsXpress' offerings to include over 300 futures products worldwide
  • October 2007 – David Fisher becomes CEO (previously served as CFO)
  • July 2008 – Acquisition of Paragon Futures/Open E Cry
  • 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
  • July 2009 – Launch of OX Mobile, allowing OX customers to monitor their accounts from their mobile phones
  • May 2010 – optionsXpress launches Xtend, a downloadable and customizable platform that offers real-time streaming quotes, charts, and news on users’ desktops
  • March 21, 2011 — Charles Schwab Corporation announced the acquisition of optionsXpress Holdings Inc in a $1 billion transaction.
  • June 10, 2013 U.S. SEC fines optionsXpress, individuals $4.8 mln for naked short sales.

See also

References

  1. FINRA. Retrieved 2010-12-10.
  2. moneycentral.hoovers.com. Retrieved 2010-12-10.
  3. "optionsXpress buys XpressTrade". Reuters. January 24, 2007.
  4. "Charles Schwab buys OptionsXpress for $1B". Associated Press. Washington Post. March 21, 2011.
  5. "U.S. SEC fines optionsXpress, individuals $4.8 mln for naked short sales". Reuters. June 10, 2013.

External links

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