optionsXpress Reduces Commissions on Futures Products and Introduces Simple,
Straightforward Fee Structure
CHICAGO -- February 19, 2013
optionsXpress, Inc. (“optionsXpress”), a wholly-owned subsidiary of Charles
Schwab, announced today that it has replaced its tiered commission structure
for futures and futures options with new pricing of $3.50 per contract.
Clients have access to optionsXpress’ powerful, easy-to-use trading platform
and robust package of tools, education, and support for futures trading – now
at a lower cost.
“We’ve seen demand for trading futures and futures options steadily increase
as our clients seek more trading opportunities,” said Dan O’Neil, Vice
President of futures for optionsXpress. “By reducing commissions on futures
and futures options and introducing a new, simplified pricing structure, we’re
putting our clients first and making these products even more affordable for
those who want to incorporate futures into their trading strategies.”
optionsXpress offers a broad range of tools and capabilities for futures
traders, including free real-time quotes, streaming charts, market news, and
research from leading futures market analysts and commentators. Clients have
the ability to trade futures and options on futures alongside stocks, equity
options, and ETFs on the same powerful, easy-to-use platform.
Schwab to Launch “Futures Hub”
Tomorrow, Schwab will launch a new Futures Hub on Schwab.com, which will link
directly to futures trading at optionsXpress. The Futures Hub will include
data from CME Group with quotes that update every 30 seconds for the most
active futures contracts. Clients will have access to futures charts that are
customizable by time horizon and chart type, and futures contract
specifications. Clients can also enjoy trade support from futures specialists
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial
services, with more than 300offices and 8.8million active brokerage
accounts, 1.6million corporate retirement plan participants, 874,000banking
accounts, and $2.01trillion in client assets as of January 31, 2013.The
Companywas ranked ‘Highest in Investor Satisfaction With Self-Directed
Services’in the 2012 US Self-Directed Investor Satisfaction Study^SM from J.D
Power and Associates. Through its operating subsidiaries, the Company provides
a full range of securities brokerage, banking, money management and financial
advisory services to individual investors and independent investment advisors.
Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC,
www.sipc.org), and affiliates offer a complete range of investment services
and products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation plan
services; compliance and trade monitoring solutions; referrals to independent
fee-based investment advisors; and custodial, operational and trading support
for independent, fee-based investment advisors through Schwab Advisor
Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an
Equal Housing Lender), provides banking and lending services and products.
More information is available at www.schwab.com and www.aboutschwab.com.
optionsXpress, Inc. (member SIPC, www.sipc.org), specializing in online
options and futures trading, offers an innovative suite of online brokerage
services for investor education, strategy evaluation, and trade execution.
optionsXpress, 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 8.8 million active brokerage accounts, 1.6 million
corporate retirement plan participants, 874,000 banking accounts, and $2.01
trillion in client assets as of January 31, 2013. More information is
available at www.aboutschwab.com.
optionsXpress, Inc. makes no recommendations on investments and does not
provide financial, tax or legal advice. Content and tools are provided for
educational and informational purposes only. Online trading has inherent risks
due to system response and access times that vary due to market conditions,
system performance and other factors. An investor should understand these and
additional risks before trading. Products and services intended for U.S.
customers and may not be available or offered in other jurisdictions.
Options, Futures, and Single Stock Futures involve substantial risk and are
not suitable for all investors. Please read "Characteristics and Risks of
Standardized Options", "Risk Disclosure Statement for Futures and Options",
and "Risk Disclosure Statement for Security Futures Contracts" found on our
website. All above disclosures are available by calling 1-888-280-8020 or
¹Restrictions apply: The $3.50/contract pricing applies to U.S. customers
only. The $3.50/contract rate is effective February 11, 2013 and will not be
applied retroactively. Commission rates depicted above are quoted on a
per-contract, per-side basis. Pricing does not include customary NFA and
exchange fees. Additional fees may apply at some foreign exchanges.
optionsXpress, Inc. (Member SIPC) and Charles Schwab & Co., Inc. (Member SIPC)
are separate but affiliated companies and subsidiaries of The Charles Schwab
© 2013 optionsXpress, Inc. All rights reserved. Member FINRA, SIPC, and NFA.
Erin Montgomery, 212-403-9271
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