CHICAGO, Sept. 15, 2010 (GLOBE NEWSWIRE) -- optionsXpress Holdings, Inc. (Nasdaq:OXPS) today reported key monthly performance metrics for August. Highlights for the month included:
- Retail daily average revenue trades (DARTs) of 25,600 – 16% lower than August 2009, 3% lower than July 2010
- Institutional daily average revenue trades (DARTs) of 12,500 – 13% higher than August 2009, 7% lower than July 2010
- Net new customer accounts of 1,600. Ending customer accounts of 368,700 – 8% higher than August 2009, flat with July 2010
- Ending client assets of $7.2 billion – 20% higher than August 2009, 3% lower than July 2010
- Ending margin balances of $186 million – 50% higher than August 2009, 12% lower than July 2010
"Customer engagement remained muted in August consistent with softer industry wide options and equities volumes," commented David Fisher, Chief Executive Officer of optionsXpress Holdings, Inc. "Despite these lackluster volumes in the markets and sustained weakness in the economy, we are still able to grow our customer base due to the strength of our platform and underlying secular growth in derivatives trading."
About optionsXpress Holdings, Inc.
optionsXpress Holdings, Inc., a pioneer in equity options and futures trading, offers an innovative suite of online brokerage services for investor education, strategy evaluation and trade execution. optionsXpress Holdings subsidiaries include optionsXpress, Inc., a retail online brokerage specializing in options and futures, brokersXpress, LLC, an online trading and reporting platform for independent investment professionals, Open E Cry, LLC, an innovative futures broker offering direct access futures trading for high volume commodities and futures traders through its proprietary software platform, and Optionetics, Inc, a leading provider of investment education services, including live seminars, proprietary software analytics, online and offline educational products and individual coaching.
More information can be found in the Investor Relations section of optionsXpress' website at .
The optionsXpress Holdings, Inc. logo is available at
This press release may contain forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks. We urge you to carefully consider these risks in evaluating the information in this press release, including risks related to general economic conditions, regulatory developments, the competitive landscape, the volume of securities trading generally or by our customers specifically and other risks described in our filings with the Securities and Exchange Commission. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially. The forward-looking statements made in this press release relate only to events as of the date of this release. We undertake no ongoing obligation to update these statements.
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