optionsXpress(R) Begins Investor Education with Chicago Mercantile Exchange Focused on Futures Options
May 08 2007 - 10:00AM
Business Wire
Online broker optionsXpress Holdings, Inc. (Nasdaq:OXPS) and the
Chicago Mercantile Exchange (NYSE:CME)(Nasdaq:CME), the world�s
largest and most diverse derivatives exchange, today announced a
unique new partnership to develop a wide range of investor
education events. Individual investors can attend webinars and
seminars to understand how options on futures such as stock indexes
and currencies are important risk management trading tools for
their portfolios. The optionsXpress/CME investor education effort
will include one-day workshops, webinars and the regional and
national versions of optionsXposm, optionsXpress� flagship customer
event. optionsXpress and the CME have already held two joint
events, in Los Angeles and Miami, and expect to host as many as
eight more events and at least eight webinars through the end of
2007. Currently scheduled events include: Aug 1 or 2 One-Day
Workshop, Seattle Sept 14-15 optionsXpress Regional Event, Phoenix
Oct 25-27 optionsXpo, Chicago Dec 27 or 28 One-Day Workshop,
Honolulu Dan O�Neil, executive vice president, futures, of
optionsXpress, says that the joint effort between optionsXpress and
CME is in keeping with optionsXpress� focus on investor education
and expertise in options and futures. "Investor education has been
key to optionsXpress� success in demystifying equity options, with
a wide range of services including virtual trading, webinars and
live customer events held in cities around the world,� said O�Neil.
�We are excited to begin this new investor education series with
the CME, focused exclusively on futures options.� Futures Brokerage
at optionsXpress On January 24, 2007, optionsXpress Holdings, Inc.
announced the acquisition of online futures broker XpressTrade,
adding 8,800 futures-focused investors to its existing customer
base of 216,000 customers. As a result of the acquisition,
optionsXpress customers gained 24-hour access to 25 exchanges and
over 300 futures products worldwide, in both electronic and open
outcry markets. Unique among brokerages, whether online or
traditional, optionsXpress offers futures traders simple account
management with the ability to trade securities and futures
side-by-side through a single brokerage account. Other benefits
include easy-to-use trade tickets with advanced order capability
and a comprehensive suite of futures-oriented tools and services,
such as virtual trading and webinars. About Chicago Mercantile
Exchange CME (www.cme.com) is the world�s largest and most diverse
derivatives exchange. As an international marketplace, CME brings
together buyers and sellers on the CME Globex� electronic trading
platform and on its trading floors. CME offers futures and options
on futures in these product areas: interest rates, stock indexes,
foreign exchange, agricultural commodities, energy, and alternative
investment products such as weather, real estate and economic
derivatives. CME is a wholly-owned subsidiary of Chicago Mercantile
Exchange Holdings Inc. (NYSE, NASDAQ: CME), which is part of the
Russell 1000� Index and the S&P 500� Index. About optionsXpress
Holdings, Inc. optionsXpress Holdings, Inc., a pioneer in equity
options and futures trading for the retail investor, offers a
comprehensive and innovative suite of online brokerage services for
investor education, strategy evaluation and trade execution.
Through its subsidiaries optionsXpress, Inc., an online retail
brokerage specializing in equity options and futures, and
brokersXpress, LLC, an online trading and reporting platform for
independent investment professionals, the company provides a wide
range of proprietary investor tools, outstanding customer service
and competitive commissions that have led to recognition as the
leading online brokerage firm by Barron's in four annual surveys
(2003, 2004, 2005 and 2006) and by Kiplinger�s Personal Finance in
2006. www.optionsxpress.com
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