First-of-kind Tool Provides Portfolio-wide, Real-time Risk Analysis
Offers Views into Profit and Loss, Market Movement, and Greeks
Sorts Positions by Industry, Expiration or Symbol
CHICAGO, February 7, 2007 - Options House, Inc. ("Options House"), a new retail brokerage firm, today launched an innovative new tool that enables customers to estimate potential risk in their portfolios in real-time on its online trading site, Options House.com. Named Risk Viewer, the tool provides customers with the ability to analyze their portfolios from three perspectives: position profit and loss, market movement, and options Greeks. Risk Viewer also provides views into individual positions -- which can be sorted by industry, expiration date, or symbol -- from these same perspectives.
"Risk Viewer represents yet another example of the power and the flexibility that Options House puts in the hands of our customers through our suite of innovative tools," says Options House co-CEO John Hass, an 18-year securities veteran and former partner at Goldman Sachs. "Like our other tools, Risk Viewer builds-in years of trading expertise and anticipates our users' needs. It enables customers to identify and address potential risk areas in their portfolios in just a few simple clicks."
Flexible and Intuitive Functionality For All Users
Risk Viewer's ability to provide multiple and customizable looks into a user's portfolio -- either portfolio-wide or position by position -- makes it especially valuable to Options House clients. For example, users are able to take a macroscopic look at their portfolio, drill down into individual positions for greater precision, and then initiate any trades they deem appropriate without having to exit the tool.
Risk Viewer Launch
Options House designed the tool for use by its retail customers and for institutional users such as hedge funds, active traders, portfolio managers, and proprietary trading firms.
"Risk Viewer further simplifies the process of risk evaluation and portfolio management for all of our users by integrating multiple analysis, idea generation and execution into one simple tool," explains Daniel Rosenthal, Options House co-CEO and former Chief Technology Officer for PEAK6. "It delivers a powerful yet intuitive functionality that is consistent with the clean, less-is-more philosophy that governs Options House."
Options House customers can launch Risk Viewer from the toolbar in the "Portfolio" section of their "Account" page, or from the Tools section of the Options House site. A brief tutorial for the tool can be found in the tools section of the site's Platform Overview function in Quick Start.
Options House, Inc. provides retail investors with online trading at a low, flat fee of $9.95 per option trade and $4.95 per stock trade, regardless of size, through its website, portfolioinvestment.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. Options House also provides end-to-end trading solutions to hedge funds, broker dealers and other institutional clients. A licensed FINRA broker-dealer, Options House, Inc. was founded in 2006 and is a subsidiary of PEAK6 Investments, LP.
PEAK6 Investments, LP 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 leading provider of liquidity to the options market, having traded over 28 million option contracts in 2005.
Risk Viewer is intended to provide educational information only. The information provided by Risk Viewer does not constitute a recommendation and should not be acted on as such.
