Exhibit 99.1

optionsXpress Announces First Quarter 2010 Results

CHICAGO, IL, April 27, 2010 — optionsXpress Holdings, Inc. (NasdaqGS: OXPS) today reported results for the three months ended March 31, 2010. Highlights from the first quarter 2010 included:

•		Revenues of $57.0 million, a 16% increase year-over-year
•		Net income of $11.9 million, $0.21 per diluted share
•		Daily average revenue trades (DARTs) of 44,600, a 5% decrease year-over-year
•		Net new account growth of 6,500 during the quarter, resulting in 357,700 customer accounts, a 9% increase year-over-year
•		Ending customer assets of $7.5 billion, a 47% increase year-over-year

“We saw improvements in many of our key long-term growth metrics at optionsXpress in the first quarter despite macroeconomic conditions that we believe continue to temper account acquisition efforts and trading activity,” remarked David Fisher, Chief Executive Officer of optionsXpress. “We added new customers, saw strong growth in margin balances and our customer assets ended the quarter at a record $7.5 billion, which is 47% higher than a year ago and 25% higher than when the market peaked in October 2007. These attractive core trends reinforce our belief that the ongoing investments we are making in our business have strengthened the core franchise.”

For the first quarter, total DARTs were 44,600, down 5% from 46,800 during the first quarter of 2009, and up 5% from 42,600 for the fourth quarter of 2009. Retail DARTs were 30,300 during the first quarter, down 4% from the first quarter of 2009, and down slightly compared to the fourth quarter. Institutional DARTs were 14,300 during the first quarter, down 5% from the first quarter of 2009, and up 17% from the fourth quarter.

Total net revenues increased 16% over the first quarter of 2009, but decreased 5% when compared to the fourth quarter of 2009. Resulting net income was $11.9 million, or $0.21 per diluted share, a 12% decrease from the $13.6 million reported in the first quarter of 2009. First quarter results include approximately $750,000 in severance expense related to the departure of an executive officer during the quarter.

“We increased our advertising spend in the first quarter as planned in anticipation of a better seasonal new account environment,” commented Adam DeWitt, Chief Financial Officer of optionsXpress. “We did begin to see some improvement in March as net new accounts reached their highest level since October 2009 and we have seen this improvement continue into April.”

Outlook

Mr. Fisher concluded, “We have a number of reasons to maintain an optimistic view of the future. We have been able to grow our customer base meaningfully while maintaining strong profitability and good margins in the brokerage business in a difficult macro environment. As we move closer to an economic recovery, our efficient operations will allow us to generate significant leverage as trading activity improves and interest rates rise. Finally, we have a strong balance sheet that gives us the flexibility to be opportunistic. We believe that these factors demonstrate that our strategy of being the premier destination for self-directed investors who want to use derivatives will generate strong long-term earnings growth for our shareholders.”

Conference Call

A conference call will be broadcast live on Tuesday, April 27, 2010, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) at www.optionsxpress.com/investor. An online replay will be available approximately two hours after the call and can be accessed in the Investor Relations’ Calendar of Events portion of the website.

About optionsXpress Holdings, Inc.

optionsXpress Holdings, Inc., a pioneer in equity options and futures trading, offers an innovative suite of online brokerage services for investor education, strategy evaluation and trade execution. optionsXpress Holdings subsidiaries include optionsXpress, Inc., a retail online brokerage specializing in options and futures, brokersXpress, LLC, an online trading and reporting platform for independent investment professionals, Open E Cry, LLC, an innovative futures broker offering direct access futures trading for high volume commodities and futures traders through its proprietary software platform, and Optionetics, Inc, a leading provider of investment education services, including live seminars, proprietary software analytics, online and offline educational products and individual coaching.

More information can be found in the Investor Relations section of optionsXpress’ website at http://www.optionsxpress.com/investor.

Safe Harbor

This press release may contain forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks. We urge you to carefully consider these risks in evaluating the information in this press release, including risks related to general economic conditions, regulatory developments, the competitive landscape, the volume of securities trading generally or by our customers specifically and other risks described in our filings with the Securities and Exchange Commission. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “feel,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially. The forward-looking statements made in this press release relate only to events as of the date of this release. We undertake no ongoing obligation to update these statements.

FOR FURTHER INFORMATION:

Investor Inquiries:
Jim Polson
FD
(312) 553-6730
or
Media Inquiries:
Patrick Van De Wille
FD
(312) 553-6704

optionsXpress Holdings, Inc.
Consolidated Statements of Operations
In thousands, except per share data
(Unaudited)

		Three Months Ended
		March 31,				March 31,				Change
		2010				2009				$				%
Revenues:
Commissions		$	39,598			$	38,089			$	1,509				4	%
Other brokerage-related revenue			4,498				6,297				(1,799	)			(29	%)
Interest revenue and fees			4,767				4,380				387				9	%
Interest expense			(51	)			(62	)			11				(18	%)
Net interest revenue and fees			4,716				4,318				398				9	%
Education revenues			7,530				—				7,530				n/a
Other income			689				590				99				17	%
Net revenues		$	57,031			$	49,294			$	7,737				16	%
Expenses:
Compensation and benefits		$	11,648			$	8,374			$	3,274				39	%
Brokerage, clearing and other related expenses			9,018				7,190				1,828				25	%
Brokerage advertising			4,369				5,789				(1,420	)			(25	%)
Education marketing and fulfillment			5,295				—				5,295				n/a
Depreciation and amortization			2,291				1,992				299				15	%
Other general and administrative			5,576				4,754				822				17	%
Total expenses			38,197				28,099				10,098				36	%
Income before income taxes			18,834				21,195				(2,361	)			(11	%)
Income taxes			6,946				7,639				(693	)			(9	%)
Net income		$	11,888			$	13,556				($1,668	)			(12	%)
Basic earnings per share		$	0.21			$	0.23				($0.02	)			(9	%)
Diluted earnings per share		$	0.21			$	0.23				($0.02	)			(9	%)
Weighted average shares outstanding — basic			57,465				58,467				(1,002	)			(2	%)
Weighted average shares outstanding — diluted			57,655				58,551				(896	)			(2	%)

optionsXpress Holdings, Inc.
Consolidated Balance Sheets
In thousands
(Unaudited)

		Period Ended
		March 31,				December 31,				Change
		2010				2009				$				%
Assets:
Cash and cash equivalents		$	163,706			$	178,989				($15,283	)			(9	%)
Cash and investments segregated in compliance with federal regulations			852,741				881,210				(28,469	)			(3	%)
Receivables from brokerage customers, net			205,568				149,871				55,697				37	%
Receivables from brokers, dealers and clearing organizations			33,816				110,779				(76,963	)			(69	%)
Investments in securities			63,962				70,850				(6,888	)			(10	%)
Deposits with clearing organizations			20,438				30,245				(9,807	)			(32	%)
Fixed assets, net			12,787				13,263				(476	)			(4	%)
Goodwill			81,590				81,590				—				0	%
Other intangible assets, net			6,104				6,525				(421	)			(6	%)
Other assets			41,463				22,999				18,464				80	%
Total assets		$	1,482,175			$	1,546,321				($64,146	)			(4	%)
Liabilities and stockholders’ equity:
Liabilities
Payables to brokerage customers		$	1,084,102			$	1,179,204				($95,102	)			(8	%)
Payables to brokers, dealers and clearing organizations			1,974				144				1,830				n/m
Accrued liabilities and accounts payable			17,433				19,027				(1,594	)			(8	%)
Current and deferred income taxes			4,015				193				3,822				n/m
Other liabilities			53,521				36,878				16,643				45	%
Total liabilities			1,161,045				1,235,446				(74,401	)			(6	%)
Stockholders’ equity			321,130				310,875				10,255				3	%
Total liabilities and stockholders’ equity		$	1,482,175			$	1,546,321				($64,146	)			(4	%)

optionsXpress Holdings, Inc.
Statistical Operating Data

		Three Months Ended
		March 31,				March 31,				Change
		2010				2009				$ or #				%
Number of customer accounts (at period end)(1)			357,700				328,300				29,400				9	%
Daily average revenue trades (“DARTs”) (2)
Retail DARTs			30,300				31,700				(1,400	)			(4	%)
Institutional DARTs			14,300				15,100				(800	)			(5	%)
Total DARTs			44,600				46,800				(2,200	)			(5	%)
Customer trades per account (3)			31				35				(4	)			(11	%)
Average commission per trade		$	14.55			$	13.33			$	1.22				9	%
Option trades as a % of total trades			42	%			39	%			3	%
Brokerage advertising expense per net new customer account (4)		$	672			$	597			$	75				13	%
Total client assets (000s)		$	7,504,799			$	5,097,637			$	2,407,162				47	%
Client margin balances (000s)		$	195,520			$	112,962			$	82,558				73	%

optionsXpress Holdings, Inc.
Segment Information
In thousands
(Unaudited)

		Three Months Ended
		March 31,				March 31,
		2010				2009
Revenue
Brokerage Services		$	49,491			$	49,294
Education			8,014				—
Eliminations			(474	)			—
Revenue		$	57,031			$	49,294
Income/(loss) before income taxes
Brokerage Services		$	20,336			$	21,195
Education			(1,502	)			—
Income before income taxes		$	18,834			$	21,195