Tag Archives: OptionsXpress

Discount Brokerage Weekly Roundup – Nov. 9th 2012

Discount Brokerage Weekly-Roundup

The big news from the Canadian discount brokerage industry this week was the huge announcement that OptionsXpress will no longer be available in Canada.  Virtual Brokers will be acquiring all of the OptionsXpress Canada accounts as of December 1st pending regulatory approval. This now narrows the number of Canadian discount brokerages that provide a powerful and easy to use options …

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OptionsXpress Canada officially exiting the Canadian Discount Brokerage market

optionsXpress

The Canadian discount brokerage market this week saw one of the players officially exit by selling their Canadian operations.  Virtual Brokers announced today that they will be buying out OptionsXpress Canada effectively signaling the end of OptionsXpress in Canada and shrinking the number of big discount brokerages by one.  The business agreement is set to take effect on December 1st …

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Taking a time out – optionsXpress Canada holding off on new Canadian accounts

time-out

As an update to our earlier story regarding optionsXpress Canada and their suspension on accepting new Canadian discount brokerage accounts, we received the following official statement from Schwab, the owner of optionsXpress Canada: “We are in the process of evaluating each business for strategic fit as part of the ongoing integration of Schwab and optionsXpress. To facilitate this process, we …

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OptionsXpress Canada Suspends Accepting New Canadian Clients

exit

Conditions in the discount brokerage space seem to have taken their toll on OptionsXpress Canada. SparxTrading.com has learned that, as of mid September 2012, OptionsXpress Canada has suspended accepting new accounts from Canadians and has no plans to continue accepting new accounts from Canadians in the near future. We will continue to monitor this as more details become available.  

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