CHICAGO & BOCA RATON, Fla.--(BUSINESS WIRE)--OptionsHouse, a value leader in the online brokerage industry, announced today that it has formed a non-clearing futures commission merchant (FCM). OptionsHouse will launch the FCM in Q2 of 2016, subject to regulatory approval.
Futures trading is currently available at OptionsHouse, but by establishing its own FCM, the company will be able to further enhance the futures trading experience for its customers. Not only will the time and effort required to open a futures account be significantly reduced, additional cash management and trading strategies will be available. Customers will be able to trade electronically and access licensed OptionsHouse professionals at a full-service desk, 24 hours a day, six days a week.
OptionsHouse customers will have access to the U.S. exchanges of the CME Group and Intercontinental Exchange, in addition to the VIX futures and other products listed at the CBOE Futures Exchange.
Joe Corso, OptionHouse’s SVP of Brokerage, commented, “While others are exiting the FCM business, we decided to step up to ensure an outstanding multi-asset class trading experience for our customers and further establish ourselves as a leader in terms of value in the online brokerage industry.”
Daniel Ryba, OptionsHouse VP of Futures, furthered, “We recognize how important futures are to many of our traders, as they are often used in conjunction with options and stock trading strategies. For those customers that are seeking additional education and support, we will have a full-service futures desk coupled with trading webinars to supplement the platform’s embedded education.”
With desktop trading of futures already underway, OptionsHouse will integrate futures trading into its award-winning mobile application in Q3. The National Futures Association will be the firm's designated self-regulatory organization.
OptionsHouse (www.optionshouse.com) is an online broker and value leader dedicated to active traders, rated “Best for Options Traders” by Barron’s. OptionsHouse offers advanced trading technology, a full-suite of investment products including equities and futures, and first class customer service to all online traders. Additionally, OptionsHouse offers a robust five-star rated mobile app available on all major mobile platforms and devices.
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OptionsHouse and optionMONSTER Media operate under the holding company Aperture Group, LLC. All securities and investments are offered by OptionsHouse. Member FINRA/SIPC/NFA.