The Hot Action in Financial Tech
When optionsXpress (OXPS), an online brokerage firm, was launched in late 2000, the timing was atrocious. The tech-centric Nasdaq market was tanking, and early-stage funders of dot-com startups were running scared. The company's founders, three Chicago options traders, were roundly rebuffed by venture capitalists, forcing them to raise their first $3 million on their own, from friends, family, and other traders.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.