Charles Schwab Buys optionsXpress

Charles Schwab Corp. has acquired online options and futures brokerage optionsXpress Holdings.

Charles Schwab Corp. has acquired online options and futures brokerage optionsXpress Holdings. Financial details of the transaction have not been disclosed. Following the acquisition, Schwab’s clients can open a separate account using the optionsXpress platform, adds Investment News. optionsXpress has about 397,400 client accounts, $8.4 billion in client assets and a 12 month average of 44,900 daily average revenue trades.

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