optionsXpress, Inc., a wholly-owned subsidiary of Charles Schwab Corp. (NYSE:SCHW), announced on Tuesday the replacement of its tiered commission structure for futures and futures options with a new $3.50 per contract pricing.?
Dan O?Neil, Vice President of futures for optionsXpress,?said in a press release, ?We?ve seen demand for trading futures and futures options steadily increase as our clients seek more trading opportunities. By reducing commissions on futures and futures options and introducing a new, simplified pricing structure, we?re putting our clients first and making these products even more affordable for those who want to incorporate futures into their trading strategies.?
Schwab also announced its Wednesday launch of ?Futures Hub.??This will?link directly to futures trading at optionsXpress and it will include data from CME Group Inc. (NASDAQ:CME) with quotes updating every 30 seconds for the most active futures contracts.
Clients will have access to futures charts that are customizable by time horizon, chart type, and futures contract specifications. They can also enjoy trade support from futures specialists at optionsXpress.