OptionsHouse Forms FCM, Tapping into US Futures Market
Posted: Tue Mar 15, 2016 2:27 pm
OptionsHouse, an online brokerage specializing in equities, has officially formed a non-clearing futures commission merchant (FCM), enhancing futures trading capabilities for its customer base, according to an OptionsHouse statement.
The new push will see OptionsHouse fortify an existing futures offering, whereby extending the latitude of its product suite to clients as an FCM. OptionsHouse will launch the FCM by Q2 2016, pending requisite regulatory approvals.
The main impetus behind the FCM was the streamlining of futures trading capabilities, including several benefits and functionalities for customers. These include mitigated account creation times, additional cash management, and trading strategies, among others. The decision ... (read more)