OptionsXpress Holdings, Inc.
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| OptionsXpress | |
| |
| Founded | 2000 |
|---|---|
| Headquarters | Chicago |
| Key People | David Fisher, CEO |
| Products | Online discount brokerage specializing in derivatives trading |
| Web site | www.optionsxpress.com |
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OptionsXpress is a Chicago-based online broker that consistently makes the top-five rankings in annual surveys of discount electronic trading platforms for combining technological advancements with user friendliness. OptionsXpress recently added to its futures-trading capabilities with a key discount-brokerage acquisition.
History
OptionsXpress was founded in February 2000 in Chicago and launched its first trading Web site on Nov. 22 of that year.[1] In January 2007, optionsXpress acquired Chicago-based futures and forex broker XpressTrade, which offers 24-hour access top 25 exchanges through a browser-based trading platform.
Today the listed optionsXpress has a market capitalization of $1.4 billion and earnings per share (EPS) of $1.59 on 60.14 million shares outstanding.[2] The brokerage has continued to grow despite its reliance on the choppy retail-investment sector, boosting 2008 Q1 profits 12 percent to $23.8 million ($0.38 per share) and revenues 11 percent to $60.8 million thanks partly to its new XpressTrade futures-trading platform.[3]
In July of 2009, OptionsXpress announced it had launched a new trading tool called IDEAS.[4]
Key People
- CEO, David Fisher
Other Acquisitions
OptionsXpress Holdings, Inc. signed a definitive agreement to acquire Optionetics, Inc. on April 28, 2009, in an all cash transaction for an initial $20 million. [5]
Earlier, optionsXpress boosted its on-line futures-trading business by nabbing electronic trading platform Open E Cry for $18 million, $13 million in cash, plus unnamed future-performance payments.[6] Open E Cry specializes in serving high-volume online futures traders, a market optionsXpress is seeking to expand into.
References
- ↑ Frequently Asked Questions. OptionsXpress. Retrieved on July 1, 2008.
- ↑ optionsXpress Holdings Inc. Reuters. Retrieved on July 1, 2008.
- ↑ OptionsXpress: No longer in the fast lane but still growing. BloggingStocks.com. Retrieved on July 1, 2008.
- ↑ OptionsXpress Launches New Trading Tool. Automated Trader. Retrieved on July 23, 2009.
- ↑ OptionsXpress Announces Acquisition of Optionetics. optionsXpress. Retrieved on April 29, 2009.
- ↑ optionsXpress buys Open E Cry for $18M. Associated Press. Retrieved on July 2, 2008.
