Virtual Brokers to Absorb optionsXpress Canada Accounts

TORONTO, Nov. 6, 2012 /CNW/ - Virtual Brokers ("VB"), a division of BBS Securities Inc., ranked #1 in the latest THE GLOBE AND MAIL Canadian online broker ranking for its costs and innovation has entered into a business agreement with optionsXpress to transfer in all accounts from optionsXpress' Canadian subsidiary effective Saturday December 1, 2012.  The agreement is pending regulatory review and approval.

This deal marks optionsXpress closure of its Canadian Subsidiary.

"We would like to welcome our new clients and our goal is to provide the best possible experience every day. I believe Virtual Brokers is the ideal home for them and we can continue to build on optionsXpress success with our current offerings and upcoming products", said Bardya Ziaian, the President and CEO of Virtual Brokers.

About BBS Securities Inc. and Virtual Brokers:

BBS Securities Inc. ("BBS") is a member firm of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). Virtual Brokers ("VB") is a division of BBS Securities Inc. VB is innovative, technology-driven and specializes in providing outstanding trade execution services to sophisticated traders, investors and money managers who demand excellence. In addition to a flexible commission structure, "All-in-One" Account (Equity/Option/Margin/Short), access to New Issues, strong Bond and Lending Desks, VB offers Direct Market Access (DMA), advanced Free Trading Platforms and free Registered Accounts.

SOURCE: Virtual Brokers

For further information:

Kambiz Vatanabadi
Chief Operating Officer 
Kambiz.vatanabadi@virtualbrokers.com
416-227-8151