SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced the launch of new web and mobile trading platforms that embed the powerful and easy-to-use derivatives trading experience of optionsXpress into Schwab’s trader offering. In conjunction with the debut of this new experience for traders at Schwab, all optionsXpress accounts have migrated to Schwab.
“We are thrilled that our optionsXpress clients are now fully integrated into the Schwab experience. Our strategy with this integration has been focused on two things: making sure our optionsXpress clients have a seamless transition to Schwab, and building a world-class derivatives trading experience for our clients to round out our trader offering – a unique combination of robust trading platforms, competitive pricing and renowned education and support,” said Barry Metzger, Senior Vice President of Trading Services at Charles Schwab. “We are proud we’ve delivered on these promises while making significant investments to modernize Schwab’s underlying trading infrastructure to benefit traders and investors across the firm.”
Starting today, optionsXpress clients can trade equities, options, futures, and futures options through their new Schwab accounts. In addition to the familiar trading experience, clients will still see many of their favorite tools and be able to speak with the same client service specialists they’ve worked with for years. They will also gain access to the depth and breadth of Schwab’s wealth management and investing offering. While optionsXpress clients will be the first to enjoy the new trading platforms, Schwab expects to begin the phased roll-out of the new trading experience to all Schwab Trading Services clients in the first quarter of 2018.
“The innovation that was a hallmark of optionsXpress continued throughout the integration process with the introduction of unique features like the Idea Hub idea generation tool and the popular Walk Limit order type,” added Metzger. “The result is a powerful new suite of trading platforms that captures the best of what the combined companies have to offer.”
Highlights of the new StreetSmart Central and StreetSmart Mobile platforms include:
- The ability to trade equities, options, futures, and futures options
- Advanced options trading capabilities, including contingent orders
- Access to Schwab’s robust education, research and expert guidance
For more information, visit www.schwab.com/welcome.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.
Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value
Investing involves risk, including possible loss of principal.
Charles Schwab & Co., Inc. (“Schwab”) (Member SIPC) and optionsXpress, Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.
Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the options disclosure document titled “Characteristics and Risks of Standardized Options.”
Futures trading carries a high level of risk and is not suitable for all investors. Certain requirements must be met to trade futures. Please read the “Risk Disclosure Statement for Futures and Options PDF” before considering any futures transactions.