Posts Tagged ‘Online Trading Platform’

We love giving customers the features and functionality they want.

And today is one of those days. We have made some changes to our Watchlist feature that will allow you to interact with your Watchlists and other “list” components (Sector Monitor, Index Monitor, and Hotlist) in a different, more efficient, streamlined way.

From now on, you can trade directly from the Watchlist. Whether you’re trying to simply buy or sell stock or generate an advanced order, you can do so by simply clicking on the symbol in the Watchlist:

Not only that, you can send a quote for that symbol to the universal quote line at the top of the platform. If any components are linked to that top line (such as the option chain), then you’ll see an option chain load up for that symbol.

With these new changes, these components will have a cleaner feel that should make them easier to use.

But wait—there’s more!

We’re also bringing a new level of customization to the platform to the following components:

-          Positions

-          Orders

-          Watchlist

-          Hotlist

-          Index Monitor

-          Sector Monitor

We’re enabling a new feature that will make these components completely customizable. The new functionality includes:

-          The ability to pick from a variety of columns to display the data you want

-          Drag and drop columns where you want them

These features allow you to set up each component to show the exact data you want to see in the order you want to see it.

All you have to do is hover over the column headers and select the columns you want to see:

So if you want to see the high and low for a stock in your Watchlist, you can do that. Maybe you’d like to show the days to expiration of a position in your positions pane? You can do that too.

It’s all about exposing the information you want and hiding the rest.

Take a look at the new features, play around with them, and let us know what you think. Oh, and if you want to go back to the default column setting, you can always click on “Restore Defaults” and everything will go back to normal.

 

Several weeks ago, we posted a blog about how to simultaneously set up a target and stop price when executing an initial stock order.  Good news – this process is now more seamless thanks to the bracketed orders feature we recently introduced.

What’s a Bracketed Order?

Less complicated than it sounds, a bracketed order simply “brackets” two prices (one stop price, one limit price) around an initial order.  That way you can choose the levels at which you want to exit a winning or a losing trade.  And when one order is activated, the other will automatically be cancelled. (more…)

The New OptionsHouse Order Ticket

Wednesday, June 15th, 2011


The New OptionsHouse Order Ticket
Now that the new OptionsHouse trading platform has been out for a few months, we’d like to spend some time talking about some of the new features.

And what better place to focus on than the place where the magic happens: the order ticket.

There are three new features that we believe will make it easier for customers to get the information they need to place the right trades at the right time.

Spread Market Bar

If you trade spreads, it’s important to know what the market is for each individual leg, but it’s even more important to know what the bid and the ask are for your spread as a whole.

That’s what the new spread market bar is for. (more…)

Today we’re excited to announce another set of new enhancements to the OptionsHouse trading platform. The goal of these enhancements is to clarify some things and to make important information easier for our customers to access.

Omnipresent Buy/Sell Buttons and Net Delta

It’s a mouthful—I know. But the subtle changes we’ve made to the universal quote line at the top of the platform go a long way.

There are now two small buttons (one to buy and one to sell) that allow customers to place stock trades without having to go through the action menu that comes up after clicking on the blue price number.

Also available in the quote line is a quick look at your Net Delta.  This allows traders to immediately view their equivalent share exposure in the populated symbol.

 

Account Number Visibility

Your account number is important—it’s the fastest way for our customer-service department to identify you and your account and help you with any issues you may be having. (more…)

Since the new OptionsHouse trading platform debuted on March 8, we have received lots of great feedback from our customers.  These emails and phone calls – hundreds of them – have been invaluable.  They’ve alerted us to bugs, provided thoughtful suggestions, and given us a new way of looking at parts of the platform.

Speaking of a new way of looking at things, we’re excited to announce that we have responded to the most frequent feedback item – the look of the platform. Many of you missed the “day” mode (or the white background) of our standard platform and some of you also struggled with the small default font size on the new platform. (more…)

The IRA Deadline is Coming!

Tuesday, April 12th, 2011

The IRS deadline for 2010 IRA contributions is April 18, 2011 (this Monday). In order to make a contribution to your 2010 OptionsHouse IRA, your IRA account must be opened and funded by the specific deadlines below.

Deadline for Opening Your IRA Account:

Submit your completed and signed online account application, IRA Simplifier, and any additional required documentation to OptionsHouse by 3:00 p.m. Central Time on Friday, April 15, 2011.

Download the appropriate IRA Simplifier:

Traditional and SEP IRA Simplifier

Roth IRA Simplifier

EDU IRA Simplifier

Deadlines for Funding Your IRA Account:

To ensure that your 2010 IRA contributions are posted on time, you must fund your account by the following deadlines. When funding your account, you must also provide a completed IRA Deposit Slip.

ACH–

You must have established an ACH relationship with proper instructions on the contribution type and have initiated the ACH transaction no later than 3:00 p.m. Central Time, April 15, 2011.

WIRE–

OptionsHouse must receive your wire transaction no later than 11:00 a.m. Central Time, April 18, 2011.

Check–

Your check to OptionsHouse must be postmarked no later than April 18, 2011.

Cash Journal (transferring funds between OptionsHouse accounts)–

If transferring funds from an OptionsHouse account to an IRA account, we must receive your Cash or Securities Transfer Form no later than 3:00 p.m. Central Time, April 15, 2011.

In order to open and fund your IRA, you must provide the appropriate account documentation and funding information by the deadlines listed above. Any IRA account with documentation or funding received after these deadlines will be completed on a best-efforts basis.

If you have any questions about making a 2010 IRA contribution, contact OptionsHouse Customer Service by calling (877) 653 2500 (option 2), sending an email, or logging in to live chat.

Announcing Updates to the iPhone App

Friday, April 8th, 2011

OptionsHouse released the first generation of its iPhone app early last month (see this blog entry for all the details).  After listening to your initial feedback through email and during last week’s iPhone webinar, we have released the first update – Version 1.2 – now available in the iTunes store.

This second build has added a lot of what customers have been requesting. Some of the improvements include:

-Swipe gestures: With a swipe of the finger, toggle between option-chain fields such as bid/ask, open interest/volume, delta/gamma, and more.  You can also now swipe to cycle through charts or to quickly delete a leg from your order ticket. (more…)


After the close on Tuesday, we launched a new version of our trading platform. This is the first major update we’ve done to our trading tool since OptionsHouse debuted in 2007, and it has taken nearly a year of hard work to bring this to our customers.

The new platform takes all the functionality you already know (professional-grade trading tools, a customizable option chain, and one-click trading) and creates an even more controlled, more seamless trading experience.

Here are some highlights of the new patent-pending platform:

Customizable Platform Gives You More Control

(more…)

Highlighting Our Tax Reporting Feature

Monday, December 20th, 2010


It’s the end of the year, which means holiday cards, inevitable weight gain, and top-10-of-the-year lists from all of your favorite writers and critics. Going hand in hand with all of this fun is the end of the tax year, and it won’t be long until April 15 is staring us down.  Decisions you make in your portfolio through the end of the year (e.g., closing a loser or letting a winner run) may be revisited in a few months.

Although we are not tax advisers at OptionsHouse, we do offer tools that can help our customers be more prepared and hopefully have a tax season that is less, well … taxing. Your OptionsHouse account provides full access – free-of-charge – to a powerful suite of tax reporting and cost basis analysis tools called Maxit. (more…)


Options traders are made, not born. Even the most seasoned veterans who trade broken-wing butterfly spreads in their sleep started slowly with basic strategies such as long puts and covered calls (and they probably traded stock before that).

Option trading can and should be a gradual learning process, but what’s the best way to learn? Sure, there are websites and books that can teach the fundamentals, but others prefer to learn by doing, especially in this interactive age. (more…)

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