Stock and Option Investors Can Trade Using Triggers and Trailing Stops

CHICAGO, Feb 28, 2008 — OptionsHouse, Inc. ("OptionsHouse"), an online retail and institutional brokerage firm, announced today that in its pursuit to offer a professional-quality trading platform for individual investors, it is providing advanced order tickets that will enable traders to automatically send their trades to market if certain conditions are met.

"OptionsHouse's individual investors are now able to program future trades by setting "triggers" and "trailing stops", said John Hass, OptionsHouse chief executive officer. "This step is just a continuation of our goal of bringing retail investors closer to the trading floor, providing them with greater control over their trades, and putting them on an even keel with institutional investors."

OptionsHouse provides traders with the ability to program their next trade. By programming a future trade, an individual investor does not have to constantly monitor the markets.

"If certain "triggers" are met, such as a movement up or down in a stock or option, it may automatically "trigger" a trade that will be sent to market," Hass said. "For example, if XYZ stock hits $9.00 per share, then an advance order may lead to a trade being sent to the market to buy ABC."

Stock and option investors can place orders called "trailing stops". Traders are able to place stop orders, which change with the movement of a security. For example, if a trader places an order for a 10 percent downward trailing stop on a $30 stock, a sell order is automatically sent to the market if the stock drops $3.  If the stock goes to $40, the trailing stop kicks in when it drops $4.

A trailing stop may help traders limit their losses, while potentially providing them with the opportunity to participate in the upside movement of a security.  The risk of a trailing stop is that it could be triggered by a temporary movement in the security.

"OptionsHouse continues to make great strides to offer the best trading platform available to sophisticated stock and option investors," said Hass. "Through continued education, our goal is to introduce these advanced trading techniques to a broader audience."

Integrated Message Center
OptionsHouse has also added an integrated Message Center to its electronic trading platform to help customers manage their account activity. Trade confirmations, holiday closings, margin alerts and information about new features will be aggregated in one place - the Message Center.  This will provide customers with one central location where they can obtain important informational updates about their accounts and the market.

Press Contact

OptionsHouse, LLC
Beth Gaston Moon
312-676-8800
bmoon@peak6.com

About OptionsHouse:
OptionsHouse, LLC, is an online stock and option broker delivering a fast, streamlined trading experience on its professional-grade trading platform, accessible at OptionsHouse.com. OptionsHouse's flat-rate commission structure offers online trading of $9.95 per option trade and $4.95 per stock trade, with no escalating fees, regardless of size.*

In Barron's 2008 survey of Online Brokers, OptionsHouse earned a four-star rating and its innovative platform was ranked number-one for "usability."¹ A licensed FINRA broker-dealer, OptionsHouse, LLC was founded in 2005 and is a subsidiary of proprietary option-trading firm, PEAK6 Investments, L.P.

About PEAK6:
Established in 1997, PEAK6 Investments, L.P. ("PEAK6") is a leading financial institution in Chicago with an established track record of success in proprietary trading. PEAK6 is also rapidly expanding its commercial focus to include innovative initiatives in asset management and online media.