optionsXpress Enhances Its Mobile Trading Capabilities

New iPad trading application is latest addition to suite of mobile apps

Category:

Wednesday, December 7, 2011 11:30 am PST

Dateline:

CHICAGO

Public Company Information:

NYSE:
SCHW
"Our customers are looking for the ability to access their accounts, manage their positions and conduct options and futures trading from anywhere"

CHICAGO--(BUSINESS WIRE)--optionsXpress, Inc., a pioneer in bringing professional technology for options and futures trading to individual investors, has expanded its suite of mobile trading capabilities, including the launch of a new iPad application. optionsXpress’ extensive mobile lineup also includes apps for iPhone, Android, BlackBerry and Windows Mobile 7. In addition, optionsXpress has added new features to its mobile website, which allows customers to trade on various browser-equipped mobile devices (www.oxwow.com).

“Our customers are looking for the ability to access their accounts, manage their positions and conduct options and futures trading from anywhere,” said optionsXpress President, David Fisher. “The number of trades our clients have placed using mobile apps has grown by more than 40 percent since last year. As demand for trading-on-the-go continues to rise, we remain committed to providing our customers with the very best mobile trading experience, regardless of location, platform or mobile device.”

All optionsXpress mobile apps include streaming quotes** as well as the ability to trade multiple asset classes and execute a wide range of trading strategies, including spreads. The new iPad app combines multiple strategies and asset classes into a single powerful, easy-to-use trading interface. Features include:

  • The ability to trade stocks, options, futures, spreads, combos, straddles, covered calls, and married puts
  • Access to global market information, gainers and losers, reversals and the latest news
  • Trading ideas with optionsXpress’ proprietary Dragon screener
  • Full access to chains, complete balances, and customizable charts with a variety of technical studies

In addition to using one of optionsXpress’ mobile apps, clients also can go to the intuitive mobile site (www.oxwow.com) to access their accounts, monitor balances and positions, and trade on the go from multiple browser-enabled mobile devices. The enhanced mobile site offers a wide range of trading capabilities, access to trading ideas through the Dragon screener, and the ability to trade spreads.

To download any of optionsXpress’ mobile applications, visit http://m.optionsxpress.com/. The optionsXpress iPad app is also available for download in the iTunes app store. Search “optionsXpress for iPad” in the iTunes search box to download the new app.

About optionsXpress Holdings, Inc.

optionsXpress Holdings, Inc., specializing in online options and futures trading, offers an innovative suite of online brokerage services for investor education, strategy evaluation, and trade execution. optionsXpress Holdings, Inc. is a wholly owned subsidiary of The Charles Schwab Corporation (NYSE:SCHW), a leading provider of financial services, with more than 300 offices and 8.5 million active brokerage accounts, 1.5 million corporate retirement plan participants, 774,000 banking accounts, and $1.68 trillion in client assets. More information is available at www.aboutschwab.com.

Supporting documentation for any claims, comparisons, recommendations, statistics, or other technical data, will be supplied upon request.

Multi-leg option strategies may be subject to multiple commissions. Profits may be eroded by the commission expended to open and close the positions and other risks apply.

Options involve risk and are not suitable for all investors. Please read ‘Characteristics and Risks of Standardized Options’ or available by calling 1-888-280-8020.

Futures involve substantial risk and are not appropriate for all investors. Please read ‘Risk Disclosure Statement for Futures and Options’ prior to applying for an account.

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.

optionsXpress Mobile application 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.

Company names, photos, products, services and branding related to mobile devices and related software may be service marks or registered trademarks ("Marks") of their respective owners, which owners retain all legal rights. Use of the mobile devices and related software is subject to the respective provider's terms and conditions or standard software license agreement. The use of these Marks is not a representation that the optionsXpress is affiliated with, sponsors, endorses, is sponsored by, endorsed by, or affiliated with the mobile device, related software or Mark owners.

optionsXpress is not liable for connectivity issues with your mobile service provider. For questions regarding connectivity issues or other instances in which your mobile device isn’t functioning correctly, please contact your mobile service provider. In addition to optionsXpress' standard commission charges, other internet usage costs may apply with your mobile service provider.

**Streaming quotes are only provided to non-professional customers who accept the exchange streaming quote agreement. Customer must qualify as a non-professional subscriber in accordance with NASDAQ, NYSE and OPRA regulations.

optionsXpress, Inc. (Member SIPC) and Charles Schwab & Co., Inc. (Member SIPC) are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.

© 2011 optionsXpress, Inc. All rights reserved. Member FINRA, SIPC, AMEX, NOM, CBOE, ISE, ArcaEX, PHLX and NFA.

Contact:

optionsXpress
Jodi Fronczke, 312-267-6764
JFronczke@optionsxpress.com
or
Intermarket Communications
Emily Ahearn, 212-909-4781
eahearn@intermarket.com

Corporate Public Relations
Contacts for Journalists Only

 

888-767-5432

Subscribe

Business Wire NewsHQ℠