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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 Holdings Inc. |
logo = ] | logo = File:Ox Logo.jpg |
type = Subsidiary | type = Subsidiary |
industry = ]/]s | industry = ]/]s |
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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)|
market_cap = 1.51B (2006) |
parent = ] | parent = ] |
homepage = homepage = {{URL|http://www.optionsxpress.com/}}
}} }}


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==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>
⚫ * 2004 – Inception of optionsXpress International, which expanded the company's offerings internationally<ref name=autogenerated2> SEC. Filed 2009-03-02.</ref>
⚫ * 2004 – optionsXpress' services are extended to Australia<ref name=autogenerated2 />
⚫ * 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 />
⚫ * 2006 – The company expands its offerings to Singapore<ref name=autogenerated2 />
⚫ * 2006 – The company launches optionsXpress Europe<ref name=autogenerated2 />
⚫ * 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></ref>


⚫ ==Industry awards and rankings==
⚫ • March 2003 – The company creates brokersXpress to serve registered representatives, financial planners and registered investment advisors<ref> brokersXpress.com. Retrieved 2010-10-10.</ref>
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>

⚫ • 2004 – Inception of optionsXpress International, which expanded the company's offerings internationally<ref name=autogenerated2> SEC. Filed 2009-03-02.</ref>

⚫ • 2004 – optionsXpress' services are extended to Australia<ref name=autogenerated2 />

⚫ • 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 />

⚫ • 2006 – The company expands its offerings to Singapore<ref name=autogenerated2 />

⚫ • 2006 – The company launches optionsXpress Europe<ref name=autogenerated2 />

⚫ • 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></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 name=autogenerated1> optionsxpress.com. Retrieved 2010-12-10.</ref> From 2004-2006, Barron's rated optionsXpress "Best Online Broker" for three years in a row.<ref name=autogenerated1 /> A few years later in March 2009, they are Rated "Best Online Broker for Usability" (4 stars) by Barron's.<ref name=autogenerated1 /> 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 name=autogenerated1 /> 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>

Smart Money named optionsXpress the "Best Discount Broker" in August 2004.<ref name=autogenerated1 /> In May, 2009 they are rated 5 stars (highest) for Trading Tools by Smart Money.<ref name=autogenerated1 />

Considered the "2010 Broker of the Year" by The Options Insider in January 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== ==See also==

Revision as of 10:20, 22 July 2016

optionsXpress Holdings 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 Holdings, Inc. is a retail, online brokerage firm, headquartered in Chicago, Illinois, that provides brokerage services for options, stocks, futures, mutual funds, 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.

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.

The Charles Schwab Corporation and optionsXpress Holdings, Inc. announced on March 21, 2011 that Schwab will acquire optionsXpress.

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 (SCHW.N) announced a buyout of optionsXpress Holdings Inc (OXPS.O) in a $1 billion deal, valuing optionsXpress at $17.91/share.
  • June 10, 2013 U.S. SEC fines optionsXpress, individuals $4.8 mln for naked short sales

Industry awards and rankings

optionsXpress has received numerous top rankings by personal finance publications, including the top-star ranking in the annual Barron's Magazine online broker review for five years in a row. Top rankings have also been awarded to optionsXpress by Forbes and Kiplinger's.

See also

References

  1. Profile at Yahoo! Finance.
  2. SEC. Filed 2010-03-01.
  3. Press Release
  4. FINRA. Retrieved 2010-12-10.
  5. brokersXpress.com. Retrieved 2010-10-10.
  6. ^ SEC. Filed 2009-03-02.
  7. moneycentral.hoovers.com. Retrieved 2010-12-10.
  8. reuters.com. Dated 2007-01-24.
  9. forbes.com. Retrieved 2010-12-10.
  10. secwatch.com. Filed 2008-08-11.
  11. insideview.com. Retrieved 2010-12-10.
  12. highbeam.com. Dated 2009-07-12.
  13. thestreet.com. Dated 2010-05-03.
  14. "Charles Schwab buys OptionsXpress for $1B". Associated Press. March 21, 2011.
  15. U.S. SEC fines optionsXpress, individuals $4.8 mln for naked short sales | Reuters
  16. Different strokes for . . ., Features, Barron's Online, Dow Jones WebReprint Service (March 6, 2006).
  17. OptionsXpress, Website Reviews, Best of the Web, Forbes.com (2007).
  18. The Best Online Broker: a relatively new player sweeps our rankings, by Steven Goldberg and Jessica Anderson, Trading, Kiplinger.com (July 2006).

External links

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