OptionsXpress

optionsXpress, Inc.
Subsidiary
Industry Financial Services/Brokerages
Founded Chicago, IL (2000)
Headquarters Chicago, IL, USA
Key people
 Barry Metzger, CEO
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

  • 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]
  • November 2014 Barry Metzger becomes CEO (previously served as COO)
  • October 9, 2017 optionsXpress migrates all client accounts to Charles Schwab & Company

See also

References

  1. ↑ FINRA. Retrieved 2010-12-10.
  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.
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