SOURCE: Optionshop


August 06, 2012 08:00 ET

Robert Fitzsimmons Joins Online Futures Broker Optionshop as CEO

Online Brokerage to Specialize in Options on Futures for Portfolio Diversification and Risk Management

CHICAGO, IL--(Marketwire - Aug 6, 2012) - Optionshop, a new online broker specializing in options on futures, announced today that Bob Fitzsimmons has joined as CEO, effective immediately. Fitzsimmons, a well-known futures industry senior executive, has prior experience as CEO of a futures exchange, broker and technology provider.

"Optionshop is extremely fortunate to bring on someone with Bob's in-depth understanding of trading, operations and technology," said David Karrow, partner at Third Stone Partners, an early stage investment company that is backing Optionshop. "Bob is one of the futures industry's most respected executives, and his leadership is critical to Optionshop's success as a new kind of online futures broker."

Fitzsimmons was previously CEO at ITG Derivatives LLC, an institutional futures and futures options brokerage, a role he assumed after ITG purchased RedSky Financial, where he also served as CEO. Prior, Fitzsimmons was CEO at NQLX, the single stock futures exchange joint venture between NASDAQ and Liffe. He also previously served as Managing Director at Nomura Securities International and as a Bond Options Broker at Kidder Peabody.

"There is an unprecedented level of retail interest in futures and commodities, but too many investors go into the futures markets without sufficient understanding of how to manage risk," said Fitzsimmons. "By building proprietary trading tools and robust education, Optionshop will empower individual investors to cost-effectively diversify their portfolios with a broader range of asset classes via options on futures."

Optionshop will provide investors with a variety of tools not available to the individual investor today, creating a futures options-trading experience like that found in equity options. In addition, Optionshop will offer in-depth trading education, including proprietary curriculum, webinars and videos focused on options on futures.

About Optionshop

Optionshop is a new online broker specializing in options on futures. Optionshop is backed by Third Stone Partners, an early stage investment firm focused on financial technology, and OptionsCity Software, a leading provider of trading software for proprietary futures options trading firms.

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