optionsXpress(R) (Nasdaq:OXPS) today formally introduced a powerful, fully-integrated futures platform aimed at helping individual investors better manage their portfolios through improved diversification. optionsXpress is unique as a retail-focused online broker that is offering the ability to invest in futures side-by-side with stocks, options, ETFs, mutual funds and bonds.
CHICAGO (Business Wire EON) January 14, 2008 --
optionsXpress®
(Nasdaq:OXPS) today formally introduced a powerful, fully-integrated
futures platform aimed at helping individual investors better manage
their portfolios through improved diversification. optionsXpress is
unique as a retail-focused online broker that is offering the ability to
invest in futures side-by-side with stocks, options, ETFs, mutual funds
and bonds.
The new futures capabilities, a result of the company’s
early-2007 acquisition of retail futures broker XpressTrade®,
offer investors seamless access to futures contracts listed at all U.S.
futures exchanges, including CME Group, ICE US, OneChicago and NYMEX, as
well as over 20 other leading US and international exchanges, including
Eurex, ICE Europe, Liffe, Tokyo Commodity Exchange, Sydney Futures
Exchange and Singapore Exchange.
“Retail investors have become very interested
in futures as a result of currency volatility, rising energy costs and
futures exchange IPOs over the past two years,”
said Dan O’Neil, executive vice president of
futures at optionsXpress. “What retail
investors are finding is a market that in many ways is similar to the
equity options market several years ago; one that is becoming more
focused on their needs, with electronic trade execution, more
retail-friendly products, and a wealth of educational content.”
As with all of optionsXpress’ offerings,
customers enjoy access to a wide variety of tools and services to help
educate themselves about futures, evaluate investment opportunities and
experience efficient trade execution. Among the many tools and features
available to optionsXpress customers are virtual trading for futures;
simplified order entry; futures spread trading; Advanced OrdersSM,
including Contingent OrdersSM and Trigger OrdersSM;
futures research; and futures market news.
David Fisher, CEO of optionsXpress Holdings, adds, “Just
as we did with equity options, optionsXpress looks forward to further
leveling the playing field, making futures markets more accessible to
more investors.”
Over 100 futures contracts are available to optionsXpress customers in
the following categories:
-
Metals
-
Energies
-
Grains
-
Stock Indexes
-
Currencies
-
Interest Rates
-
Softs (food and fiber)
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Livestock and Dairy
-
Housing
About optionsXpress Holdings, Inc.
optionsXpress Holdings, Inc., a pioneer in equity options and futures
trading, offers an innovative suite of online brokerage services for
investor education, strategy evaluation and trade execution.
optionsXpress Holdings subsidiaries include optionsXpress, Inc., a
retail online brokerage specializing in options and futures, and
brokersXpress, LLC, an online trading and reporting platform for
independent investment professionals. Barron’s
named optionsXpress the number one online broker for four years in a row
(2003 to 2006) and Kiplinger's Personal Finance named it the top
discount broker in 2006.
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