Options House Overview:
Type: Private
Industry: Financial Services, Discount Brokerage, Self-Directed Investing
Founded: Chicago, Illinois, United States
Website: www.optionshouse.com
Company History:
OptionsHouse, LLC was founded in 2005 by the investment firm PEAK6 Investments, LP. With the financial backing and technology from PEAK6 investments OptionsHouse makes it possible for both institutional as well as retail options investors and traders to graduate from a more simple, basic trading platform to a more professional level. OptionsHouse offers investors a wide variety of tools and methods which were derived from the PEAK6’s trading platforms.
The self described mission of OptionsHouse is to “provide savvy investors in options and stocks the functionality and power of more traditional software-based trading tools with the portability of an online trading platform. This is done through the offering of extensive leading edge web technologies that include but are not limited to:
- Data feeds
- Execution capability
- Trading tools
- Streamlined user friendly interface
Not only are the above functionalities used in the OptionsHouse platform but it is also coupled with simplified, competitive rates geared towards providing the retail customer superior service as well as value.
Market Proven Platform:
- Ranked by Barron’s review as the “Best for Options Traders” for three consecutive years.
- The OptionsHouse platform is built by experienced traders at PEAK^ Investments and is one of the largest options trading firms in the United States.
- Fewer clicks to trade than any other options platform.
- After hours trading and advanced ordering allows the investor to handle more complex trades.
- Professional educational content is provided for free by seasoned traders.
Services Offered
Options Trading — OptionsHouse competes with some of the lowest rates that are available in the industry. This allows the investor to maximize their trading style by giving them a unique flexibility to choose their rate and trading volume.
Stock Trading — OptionsHouse also offers stock traders a powerful platform and a large set of tools to decide which stocks will make the perfect additions to their portfolios. This is coupled with a flat rate and no hidden fees in order to provide their clients with the most value.
Virtual Platform — In addition to the above services, OptionsHouse also provides a powerful virtual platform that is available for investors to test their stocks and options before they actually complete their purchases.
Mobile Platform — OptionsHouse also provides a unique mobile platform that allows you to monitor your portfolio in real time as well as researching companies and trade ideas. This ensures that you will never be out of touch with the current market conditions.
Financial Summary
In summary, OptionsHouse is an excellent choice if you are looking for an excellent online discount brokerage firm. OptionsHouse offers an exceptionally low commission structure as well as a user friendly set-up, a variety of platforms, and outstanding customer service. With its variety of trading tools and technology and a four star rating by Barrons, OptionsHouse provides an outstanding alternative to many of the other more popular online brokerage firms.
Competition:
Optionhouse’s major competitors include:
E*TRADE
Ameritrade
Charles Schwab
Fidelity Investments
Firstrade
TradeKing
Leave a ReplyComments (0)