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optionsXpress Makes Active Trading Effortless

Tue. October 27, 2009; Posted: 09:00 AM
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CHICAGO, Oct 27, 2009 (BUSINESS WIRE) -- OXPS | Quote | Chart | News | PowerRating -- optionsXpress Holdings, Inc. (Nasdaq: OXPS | Quote | Chart | News | PowerRating) today unveiled its latest series of trading innovations for online investors, several of which are designed specifically for the more active and sophisticated trader. This is the eighth major release of the year for optionsXpress and it contains more than 500 unique upgrades to its award winning investing platform. Highlights within the release include the following:

Streaming Option Chains:

Timing is everything in today's volatile market. In this site release, optionsXpress has taken its popular Option Chains to the next level by offering streaming, real time price updates inside a standard web browser. Customers will now have the most up-to-the-moment data for Bid, Ask and Volume, giving them the ability to make real-time trade decisions and stay on the cutting edge of the market.

New Order Types:

Customers can further stretch their strategic muscles with new trade variations now available on Xspreads and Multi-Leg trade pages, including:

-- Broken-Wing Butterflies - Construct butterflies with non-standard ratios such as 1:2:2 and 1:3:1.

-- Unbalanced Butterflies - Set up butterflies with asymmetric (uneven) strike price differentials.

-- Ratio Spreads - Enjoy additional free-form spreading options.

Trading Patterns Enhancement:

Retail traders are increasingly investing in a wider variety of investment products. To make finding opportunities across the different products even easier, optionsXpress has now expanded its widely used Trading Patterns(c) tool to include futures contracts. This tool's interactive pattern diagram identifies new trading opportunities in securities, options or futures contracts based on the views of like-minded investors.

Online Shareholder Tools:

In service related enhancements, optionsXpress has teamed up with Inveshare(c) to provide customers with one-stop online access to shareholder-related services. Most other platforms force shareholders to go to dedicated outside sites to gain prospectus delivery or to cast proxy votes. This service is now fully integrated within the optionsXpress platform and allows a customer to execute these tasks without ever leaving their optionsXpress account.

"We continue to see the level of sophistication of retail investors increase as well as their ability to react more quickly to changing market conditions," says David Fisher, Chief Executive Officer of optionsXpress Holdings, Inc. "The improvements that we are announcing today are tailored specifically to meet this more active approach of our investors and to do so with an even higher level of service and with more intuitive and powerful tools."

See more at www.optionsXpress.com

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, brokersXpress, LLC, an online trading and reporting platform for independent investment professionals, Open E Cry, LLC, an innovative futures broker offering direct access futures trading for high volume commodities and futures traders through its proprietary software platform, and Optionetics, Inc, a leading provider of investment education services, including live seminars, proprietary software analytics, online and offline educational products and individual coaching.

More information can be found in the Investor Relations section of optionsXpress' website at www.optionsxpress.com/investor.

Barron's named optionsXpress the number one online broker for four years in a row (2003 to 2006) and among the best for options, long-term investing and usability in 2009. Kiplinger's Personal Finance named it the top discount broker in 2006.

"Best Online Broker" 3/6/06, 3/7/05, 3/8/04, 3/10/03, and one of Barron's Best Online Brokers 3/3/07 and 3/16/09 based on: Trade Experience; Trade Tech; Usability; Offerings; Research; Portfolio Analysis; Customer Service/Access; Costs. Barron's is a registered trademark of Dow Jones & Company (C) 2009.

"Best Online Broker" by Kiplinger's 7/06, based on: Commissions/Fees; Executions; Margin Rates; Interest on Cash; Maximum Fund Transaction Fee; Responsiveness/Broker Knowledge; Research; Web Site; Cost-Basis Data; Conduct. Kiplinger's is a trademark of The Kiplinger Washington Editors, Inc. (C) 2009.

Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, volume and other factors. An investor should understand these and additional risks before trading. optionsXpress, Inc. makes no investment recommendations and does not provide financial, tax or legal advice. Content and tools are provided for educational and informational purposes only. Products and services intended for U.S. customers and may not be available or offered in other jurisdictions.

Copyright (c) 2009 optionsXpress, Inc. All rights reserved. Member FINRA, SIPC, CBOE, ISE, BOX, ArcaEx, PHLX and NFA.

SOURCE: optionsXpress Holdings, Inc.

Media Inquiries: 
Patrick Van De Wille 
FD 
(312) 553-6704
For full details on Optionsxpress Holdings (OXPS) click here. Optionsxpress Holdings (OXPS) has Short Term PowerRatings of 8. Details on Optionsxpress Holdings (OXPS) Short Term PowerRatings is available at This Link.

    


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