Finding the Best Options Broker Online
5 stars based on
OptionsHouse, a long-time securities broker, is also officially a futures commission merchant, making it one of the few new recent entrants in commodities optionshouse brokerage account space. Now, OptionsHouse customers can trade equities, equity options, futures and futures options with one integrated platform. However, none of this would have been possible if it were not for the successful merger of tradeMonster and OptionsHouse in early With the merger, OptionsHouse shed its platform and migrated all commodities optionshouse brokerage account customers onto the tradeMonster platform.
So, we went with [tradeMonster] and it happened to be more functional anyway. The platform transition went smoother commodities optionshouse brokerage account expected.
The tradeMonster platform then supported some 15, customers but proved scalable as OptionsHouse added multiples of that initial customer base to the tradeMonster platform. The firm beefed up personnel and hired Dan Ryba as head of futures in preparation for becoming a non-clearing FCM.
OptionsHouse estimates that some 25 percent of its active options and equity traders will or already do trade futures.
It expects to grow organically as commodities optionshouse brokerage account customers who trade futures elsewhere shift their accounts to OptionsHouse while current customers start trading futures. The firm also moved to allay fears about customer fund protections, who still have MF Global and PFG debacles on their minds. With more diverse trading, OptionsHouse hopes to improve the longevity of its traders.
OptionsHouse commodities optionshouse brokerage account claims sophisticated traders in its ranks — meaning those who are constantly tweaking and hedging their positions. They have access to the platform 24 hours a day, 6 days a week. More access, and more time to manage risk, commodities optionshouse brokerage account lead to a more nimble trader, and similarly help longevity. Access will further improve in Q3 when OptionsHouse expects futures to be fully integrated into its mobile platform.
These active traders are essential as even during recent periods of low volatility OptionsHouse still hit its volume targets. Key to all of this is education. OptionsHouse knows a reinvigorated educational effort is needed to inform customers of the benefits of its respective products in a portfolio. They have also brought in a third party, Options Animal, to coach customers. But with the right technology and a plan for growing as a commodities optionshouse brokerage account class firm with plenty of veteran staff, the brokerage may have the combination to join that upper echelon of retail brokers and carve a niche for itself in the futures space.
South Korean capital Seoul mulls 'S-Coin' tokens and blockchain-based government https: Two Johns could be better than one for Deutsche Bank https: Markets have fallen victim to recency bias and narrative fallacy https: Unicorns, plus private placements, plus coin offerings equals a seismic shift in how many is raised in the U. SGX enhances its Fixed Income business with new leadership and post trade role: About Author Spencer Doar.