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| Company type | Public (Nasdaq: OXPS) |
|---|---|
| Industry | Brokerages |
| Founded | Chicago, IL (2000) |
| Headquarters | Chicago, IL, USA |
| Number of employees | 265 (2008) |
| Website | www.optionsxpress.com |
optionsXpress Holdings, Inc. is a retail, online brokerage firm, headquartered in Chicago, Illinois, that provides brokerage services for options, stock, futures, mutual funds, and fixed-income investments in the United States and internationally. Its browser-based technology provides trading tools, enabling retail and professional investors to identify, analyze, and execute a range of investment strategies.
History
Founded in 2000, 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.
In January 2004, optionXpress receives an investmnt by Summit Partners, a growth capital Private Equity investor.
In 2008, OptionsXpress acquired Open E-Cry, an online futures brokerage, in a cash and stock deal valued at $18M.
Acquisition of Optionetics
On April 28, 2009 optionsXpress Holdings, Inc. (NasdaqGS:OXPS) entered an agreement to acquire Optionetics, Inc. for approximately $20 million in cash, plus additional cash consideration based on future performance.
References
- Profile at Yahoo! Finance.
- Different strokes for . . ., Features, Barron's Online, Dow Jones WebReprint Service (March 6, 2006).
- OptionsXpress, Website Reviews, Best of the Web, Forbes.com (2007).
- The Best Online Broker: a relatively new player sweeps our rankings, by Steven Goldberg and Jessica Anderson, Trading, Kiplinger.com (July 2006).
- Source:optionsXpress Receives Investment of Approximately $90 Million from Summit Partners. optionsXpress News Release, January 20, 2004
- "OptionsXpress buys Open E Cry for $18M". Crain's Chicago Business. 2008-06-25. Retrieved 2009-02-23.
- "optionsXpress Announces Acquisition of Optionetics". Reuters. 28 April 2009. Retrieved 21 June 2010.
External links
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