What happened to OptionsHouse?

May 22, 2019 Off By idswater

What happened to OptionsHouse?

OptionsHouse was best known for its highly competitive commission rates, while tradeMONSTER was known for its terrific web-based options trading platform. From 2014 until the summer of 2016, the combined OptionsHouse brand thrived, ultimately being purchased by ETRADE for $725 million.

What is a reasonable brokerage fee?

There are also full-service brokers who charge an annual fee between 1% and 1.5% of total assets managed for a client and will eschew per-trade charges. The average broker fee for a full-service broker is $150, whereas the average broker fee for a discount broker is $10.

Who bought OptionsHouse?

ETrade Financial Corp.
ETrade Financial Corp. etfc announced Monday that it will acquire Aperture New Holdings Inc., the parent company of OptionsHouse, for $725 million.

Who bought tradeMONSTER?

General Atlantic
tradeMONSTER was acquired by General Atlantic on Sep 4, 2014 .

How does E-Trade make their money?

E-Trade mainly earns by monetizing its order flow. E-Trade sends customers’ buy or sell orders to market makers for execution. In return, the firm receives compensation for the order flow. E-Trade also earns interest income whenever its margin customers borrow money to short stocks or buy stocks.

How much does it cost to use OptionsHouse?

The second plan is a fixed fee of $8.50 for single leg trades, plus $0.15 per contract. OptionsHouse customers can choose to switch which plan they use up to once per day, which can be useful if making trades of different sizes.

What kind of trading platform does OptionsHouse have?

OptionsHouse is an online broker that offers its customers the ability to trade equities, options, futures, mutual funds, ETFs, and bonds. This OptionsHouse review will provide an in depth analysis of the broker’s trading platform; we outline its overall advantages and disadvantages, and take a look at the fee structure they offer.

How often can I Change my OptionsHouse plan?

OptionsHouse customers can choose to switch which plan they use up to once per day, which can be useful if making trades of different sizes. What these two plans mean in practice is that OptionsHouse is attractive in terms of costs to basically all kinds of traders.

Is there any third party research on OptionsHouse?

If OptionsHouse has a weak spot it’s probably in the research tools they offer. There is no third party research available, something which most brokers do provide, and much of the research features they do have are somewhat lacking in depth. You can access basic information but there isn’t much that gives you any real insight.