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Schwab bid boosts trading options

Comments (0) | 22 Mar 2011 | Rating Rating (-1 to +1): 0.0

| Print by Brad Allen

Acquisition of optionsXpress expands derivatives trading for individual investors

Charles Schwab’s $1 bn bid for Chicago-based optionsXpress indicates that the US’ largest independent brokerage plans to build a sophisticated multi-product platform for active individual investors and independent traders.

The deal, announced by both companies yesterday, will add optionXpress’s 380,000 active individual investor options traders and $7 ...

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