CHICAGO, Sept. 2, 2014 /PRNewswire/ -- OptionsHouse, LLC and tradeMONSTER Group, Inc., two innovative, Chicago-based leaders in the online brokerage sector, today announced the completion of the previously announced transactions to combine the two companies, creating a market leading brokerage for active traders and investors, pending final regulatory approval.
For the near-term, both brokerage firms will operate as they have been, with their same unique brands, trading platforms, customer service channels, and terms and agreements. OptionsHouse and tradeMONSTER customers will not experience any immediate changes to their trading experience. In the future, the company will bring together the best product features and customer service attributes of both firms to create the best trading experience for customers under a new brand identity.
CEO Michael Curcio, who will lead the new company, said, "We are excited to realize our shared vision of creating the premier online brokerage firm for active traders and investors. Today's close enables us to move forward with our integration planning process, with a clear focus on improving our customers' trading experience with fast, reliable execution, ease of use and superior value delivered seamlessly across desktop and mobile devices. Customers of the two brands can be assured that it will be business-as-usual as we work out the details of the integration and they will continue to experience the same excellent, reliable service they have come to expect from their online brokerage."
As previously announced, global growth investor General Atlantic owns a majority stake in the new combined company.
For the new company
Kekst and Company
For General Atlantic
SOURCE OptionsHouse, tradeMONSTER, General Atlantic