In October, Charles Schwab and optionsXpress each expanded options trading on their mobile apps. Fidelity added a new tool to help stock investors allocate their portfolios and several firms introduced new sweepstakes and contests that included sports-related giveaways.
Firms Busy Updating Mobile Apps
Charles Schwab and its subsidiary optionsXpress each added to the options trading capabilities on their respective mobile apps. Schwab added multi-leg options trading to its apps, while optionsXpress now allows users to make three- and four-legged options trades. Schwab users may now place Straddle, Collar and Vertical trades, and the firm became the fifth firm with multi-leg mobile options trading. optionsXpress clients now have access to Collar, Butterfly, Iron Butterfly, Condor and Iron Condor orders on the iPad trade ticket.
optionsXpress iPad Trade Ticket – Iron Condor
Fidelity Adds Sector Portfolio Builder
Fidelity’s new Sector Portfolio Builder helps investors calculate historical returns for portfolios allocated across various market sectors. Users may adjust sector allocations and then view the growth of $10,000 over 10 years for that allocation. Following this step, the tool allows users to select investments that fit their allocation model. Clients can then make a trade list using the investments they selected. The tool is an excellent addition for stock investors who want to allocate their investments across market sectors.
Fidelity Sector Portfolio Builder
Liberty Mutual released the 30 Days 30 Ways contest that gives a free week-long trip for two to the Sochi Winter Olympic Games. Not to be outdone, Wells Fargo offered clients who make signature-based purchases with their Visa Debit cards through November 30, 2013 the chance to win two tickets to Super Bowl XLVIII, hotel and airfare accommodations and a $500 Visa gift card. Nationwide introduced the non-sports themed “Bank to Win” sweepstakes, offering clients a grand prize of $5,000 ($3,500 in a Nationwide Money Market account and the remaining amount on a check).
Visa Contest Prizes