Chicago-based online broker OptionsHouse, part of Aperture Group, was granted registration as Futures Commission Merchant (FCM) on April 13, 2016.
The updated status of the company can be viewed on the Broker/Firm Information (Basic) page maintained by the US National Futures Association.
The FCM registration is granted about a month after OptionsHouse officially announced its plans to launch a non-clearing FCM. Back then, OptionsHouse said that by establishing its own FCM, it aims to further bolster the futures trading experience for its customers. The time and effort required to open a futures account are set to be substantially reduced, and additional cash management and trading strategies will be available.
Customers will be able to trade electronically and access licensed OptionsHouse professionals at a full-service desk, 24 hours a day, six days a week.
