FTC Clears Schwab's $1B OptionsXpress Deal

Law360, New York (April 25, 2011, 3:14 PM EDT) -- The Federal Trade Commission gave early antitrust clearance Friday to Charles Schwab Corp.’s recently announced $1 billion deal to acquire online options and futures trading firm optionsXpress Holdings Inc.

Schwab has described the acquisition of optionsXpress as a key opportunity, as derivatives trading volume continues to expand. Snapping up optionsXpress will give Schwab a more flexible technology platform to meet the growing needs of active investors, a valuable client base, the firm said.

“Naturally, we're pleased with the decision and continue to look forward to an...
To view the full article, register now.