OptionsXpress Acquires Optionetics For $20 Million Cash
Today OptionsXpress announced it has acquired investment education and options trading resource Optionetics for $20 Million in cash. The move helps to build the broker’s strength in the investment education arena allowing them to provide more to their current clients while at the same time attracting new clients.
From the Press Release, “The acquisition of Optionetics is an exciting event for both our customers and our shareholders. Over the last decade Optionetics has developed a wealth of educational content and capabilities establishing themselves as a leader in investor education. With its focus on derivative products, we believe Optionetics will help us further one of our stated objectives of providing education to our customers with the goal of helping them be more successful in their investing,” said David Fisher, Chief Executive Officer of optionsXpress. “In addition, Optionetics interacts with tens of thousands of potential self-directed investors who use, or are thinking about using, derivatives as part of their investment strategy each year. Every one of these investors is a potential brokerage customer of optionsXpress.”
All major online brokers are taking bigger steps to providing their clients with a great product offering tied to investment education. This trend has emerged directly because of the credit crisis and with thousands of investors looking to manage their own funds the movement will only continue to grow.
More information can be found at OptionsXpress.com.
About Optionetics:
- Founded in 1995, Optionetics has developed a complete line-up of live seminars, online and offline educational products, analytical trading tools, and individual coaching.
- Each year, more than 40,000 investors from 50 countries worldwide have turned to the proven trading strategies taught by Optionetics to sharpen their skills and chart their own path to financial security.
- From basic to the most complex investing strategies, Optionetics makes learning fun and easy.
About OptionsXpress (Read our full OptionsXpress Review):
- Financial control through one account to trade stocks, options, bonds, futures, mutual funds and ETFs.
- Free robust, easy-to-use trading tools and research.
- Dedicated and friendly customer service.
- Account protection and solid financial footing.
