Back in March news was released that full service brokerage Charles Schwab (SCHW) was acquiring optionsXpress (OXPS) in an all stock transaction worth approximatley $1 billion. Today, September 1, 2011 Schwab announced that the transaction had been completed. Walt Bettinger, Schwab President and Chief Executive Officer, stated, “We’re excited to welcome optionsXpress clients to Schwab, and to be able to introduce the impressive options and futures capabilities of the derivatives trading leader to our clients.”
Charles Schwab clients can now open optionsXpress accounts to access a wide variety of advanced trading tools and resources. This includes the powerful All-In-One Trade Ticket as well as futures trading. The next step for client support is providing the ability for Schwab clients to monitor their optionsXpress account and transfer funds while logged into their Schwab interface.