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optionsxpress

OptionsXpress Adds Features for Active Traders

by Michael Comeau on October 27, 2009

OptionsXpress (OXPS) announced some additions to its software platform today to meet the needs of active stock and options traders.

First, the company added real-time, streaming updates for options chains within web browsers. I wasn’t aware optionsXpress’ platform didn’t have this functionality, but it is definitely a plus. Options prices can change a heck of a lot faster than stock prices so real-time quotes are an absolute must.
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Out of OptionsXpress

by Michael Comeau on October 26, 2009

Just an FYI – I sold my long stock position in online broker optionsXpress Holdings (OXPS). I’ve been cutting back on long exposure in my portfolio as of late and I’m also concerned about a slowdown in the options business.

Plus, I’m increasingly worried about heightened levels of competition within the online brokerage industry. There are just too many companies offering great brokerage services at fair prices. It’s going to be really hard for optionsXpress to stand out in a sea full of fantastic companies like TradeKing, thinkorswim, Interactive Brokers, and so on, and so on, and so on…

P.S. Please check out my page on Mac-friendly online brokers! And support BrokerSense!

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Mobile Trading Boosts OptionsXpress

There’s been some debate on the usefulness of mobile trading applications, but one thing is for certain – it’s good for the online brokerage business.
OptionsXpress (OXPS) CEO David Fisher appeared on Jim Cramer’s Mad Money television show yesterday, saying the following about its OX Mobile trading program:

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OptionsXpress Reports Q3 Earnings

OptionsXpress (OXPS) delivered a pretty solid third-quarter earnings report this morning.
Revenues came in at $62.3 million, a 7% year-on-year decrease. EPS was 28 cents a share, beating the consensus analyst estimate by two cents. New new account growth was 6,600 for the quarter, with customer accounts coming in at a total of 349,900, a 13% [...]

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OptionsXpress and Motley Fool Launch Options Trading Service

OptionsXpress and the Motley Fool just put out an interesting piece of news – they are teaming up to launch The Motley Fool Options service. Interestingly enough, I went searching for it and found the following message:
Due to the overwhelming response, we are no longer enrolling new members in Motley Fool Options. If you’d like, [...]

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OptionsXpress: Canada, We Love You!

Good news for the Great White North: OptionsXpress Canada just rolled out no-fee US Dollar RRSP (Registered Retirement Savings Plan) and TFSA accounts (Tax Free Savings Account) to its Canadian customers.
I’m always a fan of giving investors more options, especially when no fees are attached, so this is great news. However, Canadian investors should [...]

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PALI Research Rates TD Ameritrade Neutral

According to StreetInsider, PALI Research has launched coverage of TD Ameritrade (AMTD) with a Neutral Rating:
PALI analyst says, “There are many elements of the AMTD story we like, including the shift to asset gathering, potential accretion from thinkorswim, and our view that we are seeing a positive structural shift in retail trading. But after a [...]

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Barron’s Takes on Optionetics

Barron’s published a negative article about options broker OptionsXpress (OXPS) this past weekend, saying that “There is reason to be skeptical about claims made by Optionetics, a trading-seminar outfit that optionsXpress hopes will lure customers.”

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