Tag: OptionsHouse

October 24, 2016 BY Valentina Kirilova

US online trading consolidation continues with TD close to $4 billion Scottrade deal

TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, are close to a deal to buy online brokerage Scottrade Financial Services Inc. for $4 billion. TD Ameritrade would acquire Scottrade’s brokerage operations for about $2.7 billion in cash and stock, while Toronto-Dominion would purchase Scottrade’s banking operations for $1.3 billion in cash, according to…

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July 25, 2016 BY Mike Fox

ETrade to buy OptionsHouse for $725 million

E*TRADE Financial Corporation (NASDAQ:ETFC) today announced it has entered into a definitive agreement to acquire Aperture New Holdings, Inc., the ultimate parent company of OptionsHouse, for $725 million in cash. The transaction will boost E*TRADE’s derivatives capabilities while expanding its customer profile with the addition of OptionsHouse’s highly active, derivative-centric traders. E*TRADE intends to finance…

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May 03, 2016 BY Maria Nikolova

OptionsHouse' owner Aperture Group names Lance Braunstein CIO

Aperture Group, LLC, the owner of OptionsHouse, which last month got a Futures Commission Merchant (FCM) registration, announces today that Lance Braunstein has been appointed as Chief Information Officer. Mr. Braunstein joins Aperture Group from Goldman Sachs Group, Inc. where he served as Managing Director, Global Head of Investment Banking Technology. Prior to his nearly…

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April 14, 2016 BY Maria Nikolova

OptionsHouse gets registered as Futures Commission Merchant

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…

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March 16, 2016 BY Maria Nikolova

OptionsHouse set to launch Futures Commission Merchant

Chicago-based online broker OptionsHouse, part of Aperture Group, announced today that it will launch a non-clearing futures commission merchant (FCM). The launch, subject to regulatory approval, is scheduled for the second quarter of 2016. Futures trading is currently available at OptionsHouse, but by establishing its own FCM, the company seeks to further bolster the futures…

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