OptionsHouse Launches "Risk Viewer" Tool

OptionsHouse Launches Virtual Trading Tool

  • Provides full site functionality and complete suite of trading tools
  • New streamlined account sign-up process

CHICAGO, July 26, 2007 - OptionsHouse, Inc. (“OptionsHouse”) has launched a new virtual trading tool on its web site, www.optionshouse.com. Users of the tool will have access to the features, functionality, and trading tools available on the live version of the OptionsHouse site.

Through OptionsHouse’s virtual trading tool, traders of all levels can experience our streamlined, intuitive interface and the powerful trading tools without the risks of live trading,” says OptionsHouse co-CEO Danny Rosenthal. “By delivering the site’s full functionality, we enable users to hone their trading skills, test new strategies, and improve their dexterity with our suite of tools. It’s the perfect training tool: as powerful and elegant as the real thing but without the worries associated with risking your own money.”

To use the virtual trading tool, visitors to the site must secure a username and password by completing OptionsHouse’s account sign-up process. Users will be able to access the virtual tool through a tab on the trading site. Virtual accounts start with $5,000 virtual balances. Through the tool, users will be able to enter virtual orders, monitor fulfillment, track virtual account performance, and use the site’s education and risk management tools.

Streamlined account sign-up

OptionsHouse has also announced that it will now take users less time to open new accounts. Prospective users are able to print and transmit streamlined account paperwork by fax as well as fund their accounts either by online electronic transfer or by sending funding checks via FedEx using labels they can print from their computers. These improvements shorten what was formerly a 10-day process to as few as two days.

OptionsHouse, Inc. 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. The site was developed with the technology and expertise of PEAK6 Investments, L.P., the parent company of a highly-successful market-maker and proprietary trading firm. OptionsHouse also provides end-to-end trading solutions to hedge funds, broker dealers and other institutional clients. A licensed FINRA broker-dealer, OptionsHouse, Inc. was founded in 2006 and is a subsidiary of PEAK6 Investments, LP.

PEAK6 Investments, LP was founded in 1997 and is headquartered on the original Chicago Board of Trade trading floor. PEAK6 Capital Management LLC, an affiliated market making and proprietary trading firm, is a provider of liquidity and risk management to the options market.

PRESS CONTACTS:

New York
Christian Murray
(646) 254-6000 ext.14
(516) 242-0633 (cell)
cmurray@weisergroup.com

Chicago
Mark Perlman
(312) 315-0707
mperlman@weisergroup.com

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Press Contact

OptionsHouse, LLC
Beth Gaston Moon
312-676-8800
bmoon@peak6.com

About OptionsHouse:
OptionsHouse, LLC, is an online stock and option broker delivering a fast, streamlined trading experience on its professional-grade trading platform, accessible at OptionsHouse.com. OptionsHouse's flat-rate commission structure offers online trading of $9.95 per option trade and $4.95 per stock trade, with no escalating fees, regardless of size.*

In Barron's 2008 survey of Online Brokers, OptionsHouse earned a four-star rating and its innovative platform was ranked number-one for "usability."** A licensed FINRA broker-dealer, OptionsHouse, LLC was founded in 2005 and is a subsidiary of proprietary option-trading firm, PEAK6 Investments, L.P.

About PEAK6:
Established in 1997, PEAK6 Investments, L.P. ("PEAK6") is a leading financial institution in Chicago with an established track record of success in proprietary trading. PEAK6 is also rapidly expanding its commercial focus to include innovative initiatives in asset management and online media.