Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Investor Savings Crosses $7 Million Mark with XpressRouter Technology Exclusively Available from optionsXpress

Wed. November 04, 2009; Posted: 09:00 AM
Stocks RSS
CHICAGO, Nov 04, 2009 (BUSINESS WIRE) -- OXPS | Quote | Chart | News | PowerRating -- optionsXpress Holdings, Inc. (Nasdaq: OXPS | Quote | Chart | News | PowerRating) today announced that its proprietary XpressRouter(R) Technology, which routes every customer trade through multiple channels, has saved its customers over $7 million in the last 12 months.*

"Other discount online brokers sometimes offer rock-bottom per-trade rates but then fail to maximize investor value by getting less than optimal execution, and this can adversely impact a customer's return," said Pete Bottini, Executive Vice President of Trading at optionsXpress. "Our XpressRouter, combined with our talented execution team at optionsXpress, deliver industry-leading trade execution which often results in significant direct savings to optionsXpress customers while offering competitive commission rates. In fact our XpressRouter has generated over $7 million in direct savings to our customers."*

XpressRouter aims to seek out the best possible price for each order by seeking liquidity through multiple channels -- exchanges and market makers. In many cases XpressRouter has identified opportunities to buy and sell at a significant advantage over the current NBBO (National Best Bid and Offer), which may provide optionsXpress customers with an edge over traders on other platforms. XpressRouter, through which every eligible trade at optionsXpress is routed, is one of the many benefits to trading stocks, options, futures, ETFs, bonds and mutual funds on optionsXpress' award-winning trading platform.**

"Our passion and driving goal is to provide our customers with unmatched access to the market," said David Fisher, Chief Executive Officer of optionsXpress. "XpressRouter gives them that edge, allowing them to buy lower, sell higher and maximize returns."

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.

*Based on third party analysis of price improvement for single-legged option orders provided by S3 from September 1, 2008 to August 31, 2009.

**"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.

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 Contact: 
FD 
Patrick Van De Wille 
patrick.vandewille@fd.com 
+1 (312) 553-6704 
or 
Investor Contact: 
FD 
Jim Polson 
jim.polson@fd.com 
+1 (312) 553-6730
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.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [OXPS]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.