About optionsXpress
optionsXpress is a company based in Chicago (United States) founded in 2000 by Jim Gray and Ned Bennett was acquired by Charles Schwab in March 2011.. optionsXpress has completed 1 acquisition, including Open E Cry. optionsXpress operates in a competitive market with competitors including Public, Interactive Brokers, TD Ameritrade, Tiger Brokers and Tastytrade, among others.
- Headquarter Chicago, United States
- Founders Jim Gray, Ned Bennett
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Charles Schwab
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Charles Schwab
(Mar 21, 2011)
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Funding Insights of optionsXpress
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2004 | Amount | Series A - optionsXpress | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in optionsXpress
optionsXpress has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Charles Schwab and Summit Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Financial brokerage and banking services are offered to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by optionsXpress
optionsXpress has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Open E Cry. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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White-label front-end trading platform and brokerage API services for futures and forex
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - optionsXpress
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Optionsxpress Comparisons
Competitors of optionsXpress
optionsXpress operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Public, Interactive Brokers, TD Ameritrade, Tiger Brokers and Tastytrade, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-asset investments are facilitated for individual users through a platform.
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| domain | founded_year | HQ Location |
Provider of online brokerage services and trading platforms
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| domain | founded_year | HQ Location |
Online trading in stocks, forex, futures, and ETFs is facilitated.
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| domain | founded_year | HQ Location |
Online trading of stocks, securities, and options is enabled.
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| domain | founded_year | HQ Location |
Online platform publishing content focusing on investment
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| domain | founded_year | HQ Location |
Branding, employee engagement, and marketing services are provided by Avenue.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about optionsXpress
When was optionsXpress founded?
optionsXpress was founded in 2000 and raised its 1st funding round 4 years after it was founded.
Where is optionsXpress located?
optionsXpress is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
What does optionsXpress do?
Founded in 2000 in Chicago, United States, optionsXpress operates as a browser-based trading platform in the financial services sector. Access to options, stocks, futures, mutual funds, and fixed-income investments is enabled, along with tools for analysis and execution of strategies. Virtual trading features are included to simulate real market conditions without financial risk.
Who are the top competitors of optionsXpress?
optionsXpress's top competitors include Public, Tastytrade and Tiger Brokers.
How many acquisitions has optionsXpress made?
optionsXpress has made 1 acquisition, including Open E Cry.
Who are optionsXpress's investors?
optionsXpress has 2 investors. Key investors include Charles Schwab, and Summit Partners.