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OptionsXpress client assets rise 4 percent in May

By Associated Press
June 11, 2008 | Comments (0)

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Online options and futures brokerage optionsXpress Holdings Inc. said Wednesday client balances rose 4 percent during May as daily average revenue trades increased 2 percent.

Client balances at the end of May totaled $5.9 billion, 4 percent more than the previous month, and 12 percent higher than the year-ago period.

"Trading activity in May held steady as our customers remained resilient and the markets were relatively stable," David Fisher, optionsXpress' chief executive, said in a statement. "At the same time, account growth and asset growth were robust."

Daily average revenue trades increased 2 percent from April to 37,800 during the month.

OptionsXpress added 5,000 new accounts in May, bringing its total to 287,500.

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