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OptionsHouse, LLC

http://www.optionshouse.com
141 W. Jackson Blvd., Suite 500
Chicago IL 60604

Toll Free: 877-653-2500
Direct: 312-362-2510
customerservice@optionshouse.com
Category: online discount brokerage
    

Slogan: Flat Fees. Sharp Tools.

General Description: OptionsHouse, LLC provides retail investors with online trading at a low, flat fee of $9.95 per option trade and $4.95 per stock trade, regardless of size*, through its website, OptionsHouse.com. Over a decade of experience and millions of dollars went into building the OptionsHouse trading platform, which is professional-grade and powerful, yet simple and streamlined. A licensed FINRA broker-dealer, OptionsHouse, LLC was founded in 2006 and is a subsidiary of PEAK6 Investments, L.P.

Features: The web-based trading platform makes it easy to check market prices, create and analyze advanced options trades, and send orders using easy point-and-click interaction. OptionsHouse earned a four-star rating in Barron's 2008 Best Online Broker Survey**; among the 23 companies reviewed, OptionsHouse's trading platform rated #1 in "Usability" based on overall site design, ease of use and navigation, ability to customize and constant ticket.

Additional Services: OptionsHouse offers a number of unique and useful features for options trading.

  • Point-and-Click Execution: For fast, intuitive, accurate execution.
  • Smart Order Ticket: With advanced logic for easy order configuration.
  • Covered Call Investigator: Scans the universe of equity options to find covered call ideas.
  • Customizable Watchlist: Tracks information on the stocks and options you care about most.
  • Hotlist: Provides a list of companies or indices seeing notable trading activity relative to current open-interest levels.
  • Easy Option Trading: Just point and click to trade a single leg, a spread, look up prices, and more.
  • Execution Report: Check to see how well your trade was executed.
  • Enhanced Charting: Helps you track performance and chart, analyze, and compare data according to the criteria that matter to you.

Options Price: $9.95 flat rate commission, unlimited contracts.*

Equities: $4.95 commission, unlimited shares.

Account Minimum: $1,000 for a cash account; $2,000 for a margin account.

Quotes: Free fast stock quotes and options chains.

Miscellaneous: OptionsHouse is 100% web-based and requires a browser. However, broker-assisted trades are executed for no additional charge. Many of the representatives are themselves former professional traders.

OptionsHouse also provides end-to-end trading solutions to hedge funds, broker-dealers, and other institutional clients.

Risk Disclosure: Options involve risk and are not suitable for all investors. In addition, electronic trading poses unique risk to investors. System response and access times may vary due to market conditions, system performance and other factors. OptionsHouse provides neither investment nor tax advice. Please read Characteristics and Risks of Standardized Options.

* See www.optionshouse.com/home/rates/index.jsp for more details on trade commissions for stocks under $2 per share, mutual funds, and other securities. Customers may trade up to 50,000 shares or 3,000 option contracts per trade; trades in excess of these parameters require multiple order tickets and will be billed as separate orders.

** Barron's, March 17, 2008, 13th annual survey, "The Best Online Brokers." Overall ratings based on Usability, Trade Experience, Trading Technology, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service, Costs. Usability rating based on overall site design, ease of use and navigation, ability to customize and constant ticket availability. Barron's is a trademark of Dow Jones, L.P.