OptionsXpress

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optionsXpress, Inc.
Subsidiary
Industry Financial Services/Brokerages
Founded Chicago, IL (2000)
Headquarters Chicago, IL, USA
Key people
Joe Vietri, CEO
Barry Metzger, CCO
Number of employees
423 (December 2009)
Parent Charles Schwab Corporation
Website www.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[edit]

  • 2000 – optionsXpress founded by Ned Bennett, David Kalt and Jim Gray[1]
  • 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[2]
  • 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[3]
  • 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.[4]
  • June 10, 2013 U.S. SEC fines optionsXpress, individuals $4.8 mln for naked short sales.[5]

See also[edit]

References[edit]

  1. ^ [1] FINRA. Retrieved 2010-12-10.
  2. ^ [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[edit]