optionsXpress(R) Introduces Innovative New Investor Tools
optionsXpress Holdings, Inc. (Nasdaq:OXPS) today announced the rollout of yet another significant number of new or enhanced tools to its award winning brokerage platform, focusing on investor education, strategy evaluation and trade execution. These unique and proprietary features are part of optionsXpress’ fourth major site release in 2008.
“In just the first six months of the year, we have delivered over 1,000 enhancements to our site,” said David Fisher, CEO of optionsXpress. “Some of the changes are obvious, while others are subtle yet meaningful improvements to the overall customer experience.”
The site improvements include:
— “What-if” Portfolio Margining – optionsXpress now offers the ability to test “what-if” scenarios, making it easier than ever to understand and predict how market movements and position changes can impact portfolio margining calculations. At a time when many brokers still do not offer portfolio margining, this enhancement further separates optionsXpress from the competition.
— Trade Calculator – Customers can now enter new and additional information into the calculator, making it more applicable to a wider range of needs.
— Futures Options – Long an industry leader in the development of easy-to-use options chains, optionsXpress has expanded its offering within futures options, giving traders easy access to more futures options information via separate call and put pages.
— Site Customization – Additional customization parameters to better personalize the overall optionsXpress trading experience.
— Price Information – A new theoretical Option Pricer within the order entry pages to more quickly provide additional pricing data. In addition, a convenient price refresh feature allows clients to get one or many price updates prior to submitting an order.
Many of the new tools and enhancements were developed in response to customer requests. In fact, optionsXpress maintains a wish-list for customer feedback, and receives hundreds of customer suggestions monthly.
“Our clients ask and we deliver,” said Fisher. “From increased page and data sorting features to more powerful trade documentation, our customer feedback consistently drives our development process.”
optionsXpress, a pioneer in equity options and futures trading, offers an innovative suite of online brokerage services for investor education, strategy evaluation and trade execution through its subsidiaries. optionsXpress’ 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; and Open E Cry, a direct access futures broker serving active traders. 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.
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 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) 2008.
“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) 2008.
Futures involve substantial risk and are not appropriate for all investors. Please read “Risk Disclosure Statement for Futures and Options https://www.optionsxpress.com/downloads/risks_futures_options.pdf” prior to applying for an account.