OptionsXpress first quarter profit down 12%

Posted April 27, 2010 at 9:50 a.m.

Dow Jones Newswires-Wall Street Journal | OptionsXpress Holdings Inc.’s first-quarter profit fell by 12%
from a year ago as lower volatility and a drop in trading volume
weighed on results at the options brokerage.

However, in an interview with Dow Jones Newswires, the Chicago
company’s chief executive, David Fisher, said, “We kind of feel like we
reached a bottom and are starting to see a rebound,” referring to
improvements in several metrics as well as clients’ trading behavior.

Get the full story: wsj.com.

 

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