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