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
- SectorsTechnology
- Phone•••• ••••
- Website optionsxpress.com
- Social LinkedIn X Facebook YouTube
- Acquired by Charles Schwab (Mar 2011)
- InvestorsCharles Schwab
& 1 more
- Investments & Acquisitions
- Acquired byCharles Schwab
(Mar 2011)
Apps and channels of optionsXpress
its YouTube channel Charles Schwab has 167K subscribers and 30 videos.
Videos from optionsXpress
The most watched videos on optionsXpress's YouTube channel, Charles Schwab (167K subscribers). Click a video to play it here.
More on Charles Schwab.
Funding Insights of optionsXpress
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of optionsXpress with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2004 | – | Series A | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Summit Partners is recognized as a growth equity investment firm. | – | summitpartners.com | Boston, United States | |
Financial brokerage and banking services are offered to clients. | 1971 | schwab.com | El Paso, United States |
Investor details for optionsXpress
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of optionsXpress
18 people are tracked at optionsXpress (5 in leadership, 13 in team).
| Name | Role | Group |
|---|---|---|
Jim Gray | Co-Founder | Leadership |
Ned Bennett | Co-Founder | Leadership |
Mace Gailey | Vice President, Quality Assurance | Leadership |
Eric Falk | Assistant Vice President Of Operations | Leadership |
Chuck Padgurskis | Vice President, IT Operations | Leadership |
Sanket Brahmbhatt | Sr Software Engineer | Team |
Eric Delgado | Technical Support Team Lead | Team |
Kofi Gyasi | DBA | Team |
Tammy Green | Project Manager | Team |
Alan Shaults | Senior Operations | Team |
Adarsha Shetty | Senior Quality Assurance Analyst | Team |
Brian Sweetman | Senior Derivatives Trading Specialist | Team |
Jon King | Futures Trading Specialist | Team |
Jeremy Coronado | Broker | Team |
Ramadhan Ramadhan | Konsultan/trader | Team |
Mike Zarembski | Manager Of Futures Trading | Team |
Sarah Wessel | Software Developer | Team |
Rita V Vazquez | Manager - IRA Department | Team |
Complete people profiles for optionsXpress
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by optionsXpress
optionsXpress has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Open E Cry.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
White-label front-end trading platform and brokerage API services for futures and forex | openecry.com | Powell, United States | 2002 | Jun 2008 | $18M |
Complete acquisition details for optionsXpress
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of optionsXpress
5 dated milestones of optionsXpress across 11 years, from founding to its latest funding, stage changes and deals.
- Founded optionsXpress is founded.
- Funding First funding round.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Open E Cry.
- Exit Acquired by Charles Schwab.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| public.com | 2019 | New York, United States | $420.58M | – | Multi-asset investments are facilitated for individual users through a platform. | |
| interactivebrokers.com | 1977 | Greenwich, United States | – | 2,932 | Provider of online brokerage services and trading platforms | |
| tdameritrade.com | 1994 | Omaha, United States | – | – | Online trading in stocks, forex, futures, and ETFs is facilitated. | |
| itiger.com | 2014 | Beijing, China | $138.6M | 1,000 | Online trading of stocks, securities, and options is enabled. | |
| tastytrade.com | 2011 | Chicago, United States | $60.4M | 156 | Online platform publishing content focusing on investment | |
| avenue-inc.com | 2002 | Chicago, United States | – | – | Branding, employee engagement, and marketing services are provided by Avenue. | |
| trygatsby.com | 2017 | New York, United States | $12.19M | – | App-based stock and options trading platform form investors | |
| lightspeed.com | 2006 | New York, United States | $11.6M | – | Online platform for stocks and options trading is offered. | |
| us.etrade.com | 1982 | Jersey, United States | – | 4,092 | Investment opportunities in financial assets are provided via online brokerage. | |
| hapi.trade | 2020 | Delaware, United States | $1.73M | – | Stocks and ETFs are facilitated for online trading by Hapi. |
Detailed competitors of optionsXpress
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of optionsXpress
Websites that share an audience with optionsXpress (optionsxpress.com).
Websites whose visitors overlap most with optionsXpress. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| optionshouse.com | 100% | – | – | View details | |
| thinkorswim.com | 100% | 4.6M | #13,226 | View details | |
optionetics.com | optionetics.com | 100% | – | – | – |
| tradeking.com | 100% | – | – | View details | |
| zecco.com | 100% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 32 similar websites and full traffic analytics for optionsXpress
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 32 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to optionsXpress
10 companies that operate in the same segment as optionsXpress (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.73 B | USD 2.98 B | 2,300 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | – | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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Frequently Asked Questions about optionsXpress
optionsXpress was founded in 2000 and raised its 1st funding round 4 years after it was founded.
optionsXpress is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
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.
optionsXpress's top competitors include Public, Tastytrade and Tiger Brokers.
optionsXpress has made 1 acquisition, including Open E Cry.
optionsXpress has 2 investors. Key investors include Charles Schwab, and Summit Partners.
Yes. optionsXpress was acquired by Charles Schwab in March 2011.