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OptionsXpress launches new trading tool

First Published 22nd July 2009

OptionsXpress Holdings announces launch of IDEAS

David Fisher, CEO, OptionsXpress: "Providing the ability to quickly adjust to changing market conditions by using a variety of different investment products is what we do best at OptionsXpress."


OptionsXpress Holdings (Nasdaq: OXPS) has launched Ideas, a new feature that allows investors to scan their existing positions to find new trading opportunities.

IDEAS is designed to help investors uncover potential ways to modify their trading positions based on their current market perspective.

IDEAS leverages results directly from four optionsXpress tools:

* StrategyScan identifies strategies that align with the user's investing goals, experience and risk level.
* Chart Patterns seeks out stocks that match an investor's specific interests and spending limits.
* Trading Patterns shows what other like-minded investors are trading.
* Trade & Probability Calculator displays the projected risk, reward and financial feasibility of potential trading strategies.

"Providing the ability to quickly adjust to changing market conditions by using a variety of different investment products is what we do best at OptionsXpress," Chief Executive Officer David Fisher says. "The introduction of IDEAS underscores that effort by delivering a diverse array of different stock, options and futures alternatives for customers to consider."