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Leslie Bonacum
Neil Allen

OptionsXpress Adds CCH Gainskeeper Tax Tools to Its Online Services

(RIVERWOODS, ILL., November 19, 2003) – OptionsXpress, the online options and stock brokerage, has made it easier for its customers to choose tax-efficient trading strategies and significantly reduce the time it takes to complete their Schedule Ds by using GainsKeeper, an automated service from CCH INCORPORATED (CCH), a leading provider of securities information and software.

Customers of optionsXpress will have access to GainsKeeper, a provider of tax lot accounting tools. OptionsXpress has also obtained a promotional discount from GainsKeeper for its customers.

"OptionsXpress is committed to offering our customers solutions to challenges of cost and complexity. These obstacles are particularly relevant to tax lot accounting," said David Kalt, president of optionsXpress. "In keeping with our mission to provide the most efficient execution of online options trading, we are pleased to offer our customers GainsKeeper’s tax lot accounting solution along with advisory tools that help optimize after-tax returns."

By using GainsKeeper, customers can calculate tax liabilities resulting from trading activities in their brokerage accounts. GainsKeeper also automatically alerts them to the impact of wash sales and other events that can affect taxes.

Customers of optionsXpress can utilize this tax lot accounting service by downloading historical transactions into GainsKeeper. GainsKeeper’s system then automatically updates the cost basis of positions to reflect wash sales and corporate actions, such as mergers and splits, leading to accurate capital gains calculations throughout the year.

"We worked closely with optionsXpress to provide its users with state-of-the-art tax lot accounting tools," said Peggy Hayner, product manager for CCH’s Business and Finance Group. "We’re pleased to offer optionsXpress’ customers an innovative service delivered through powerful but easy to use technology."

About optionsXpress

OptionsXpress ( is the online options and stock brokerage for self-directed investors who want to use options to help protect portfolios, increase investment income and maximize returns on stock movements. With its suite of proprietary, innovative tools and features, optionsXpress reduces the mystery and complexity of options and assists users in identifying, evaluating and then executing suitable options investment opportunities. OptionsXpress was named both the top online broker in the 2003 Barron’s online broker survey, with an unprecedented four-and-a-half star rating (out of five), and the favorite options site by Forbes Best of the Web.


CCH INCORPORATED, a Wolters Kluwer company, was founded in 1913, and has served four generations of business professionals and their clients.

CCH GainsKeeper (, based in Quincy, Mass., is the leading provider of automated tax-based financial tools and services for the investment community and is a division of CCH.

GainsKeeper Institutional Services (GKIS) provides solutions for financial institutions, enabling its partners to offer sophisticated tax lot accounting to their customers without incurring the high cost of building, maintaining, and housing the systems and operations necessary to provide institutional-quality service. GKIS serves the advisor, brokerage, mutual fund, and fund administration industries, providing solutions ranging from back-office outsourcing to fully integrated Internet-based tools and services. Additional information is available at, via e-mail to, or by calling 617-472-3314.

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