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Scottrade to Launch an Options Trading Platform Designed by OptionsHouse

Scottrade to Launch an Options Trading Platform Designed by OptionsHouse

CHICAGO, March 17 /PRNewswire/ -- OptionsHouse, Inc. ("OptionsHouse"), an online retail and institutional brokerage firm, announced today that Scottrade, a leading online branch-supported investment firm, is launching a new options trading platform powered by OptionsHouse, called Scottrade OptionsFirst.

"OptionsHouse is thrilled that Scottrade selected our firm to design an advanced options-trading platform for its customers," said John Hass, chief executive officer of OptionsHouse. "Scottrade's decision to work with us is a testament to the strength of our technology and approach, which provides an easy-to-use yet powerful trading platform."

Scottrade, through OptionsFirst, will be able to provide its options- trading customers with a site designed for speed and functionality utilizing point-and-click technology.

Through the platform, Scottrade will be able to provide tools such as the Risk Viewer, where Scottrade investors will be able to estimate their risk, on a position-by-position basis, or portfolio wide. Furthermore, OptionsFirst will offer a "Virtual Trading" tool, where investors can learn about options trading -- or test options trading strategies.

"A growing number of our customers are trading options and require a platform that is as savvy as they are," said Steve Walkenbach, executive director of business and product development at the St. Louis, Mo.-based Scottrade. "We were drawn to OptionsHouse because their comprehensive options- trading platform will help our customers make faster, better trading decisions."

OptionsHouse, Inc. (http://www.optionshouse.com/) provides retail investors through its Web site, optionshouse.com. The site was developed with the technology and expertise of PEAK6 Investments, L.P., the parent company of a highly successful market-maker and proprietary trading firm. OptionsHouse also provides end-to-end trading solutions to hedge funds, broker-dealers and other institutional clients. A licensed FINRA broker-dealer, OptionsHouse, Inc. was founded in 2006 and is a subsidiary of PEAK6 Investments, L.P.

PEAK6 Investments, L.P. (http://www.peak6.com/) was founded in 1997 and is headquartered on the original Chicago Board of Trade trading floor. PEAK6 Capital Management LLC, an affiliated market-making and proprietary trading firm, is a provider of liquidity and risk management to the options market, having traded over 37 million options contracts, with 1.6 billion shares traded in calendar year 2007.

About Scottrade

Scottrade is a leader in online investing, serving individual investors who are comfortable making their own investment decisions. Scottrade is unique in the industry because it boasts low commission rates while offering the largest branch network among online brokerages, with 344 local branch offices nationwide. In October 2007, Scottrade was named Highest in Investor Satisfaction by J.D. Power and Associates for the seventh time. Scottrade.com is the online trading site of Scottrade, Inc. In addition to its online capabilities, Scottrade staffs each easily accessible branch location with a branch manager plus additional brokers and assistants. In January 2008, Scottrade was named one of FORTUNE magazine's "100 Best Companies to Work For" in America for the first time. For more, visit http://www.scottrade.com/ or http://www.scottrade.com/careers.

Options involve risk and are not suitable for all investors. In addition, electronic trading poses unique risk to investors. System response and access times may vary due to market conditions, system performance and other factors. OptionsHouse provides neither investment nor tax advice.

Please read Characteristics and Risks of Standardized Options (https://www.optionshouse.com/home/risk/occ.jsp)| Risk Statements and Disclosures (https://www.optionshouse.com/home/risk/index.jsp), a copy of which can also be obtained by contacting our Customer Service Department at [email protected].

(C) 2006-08. OptionsHouse, Inc. All rights reserved. Member FINRA, SIPC.

OptionsHouse, Inc.

CONTACT: New York - Christian Murray, +1-646-254-6000 ext. 14,
+1-516-242-0633 (cell), [email protected], or Chicago - Mark Perlman,
+1-312-315-0707, [email protected], both for OptionsHouse, Inc.

Web site: http://www.optionshouse.com/

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Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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