Options Still Trading Strong

" Gave up on up on that -- the most active hit by far and away here on the floor of the CME. Is zero dollars and look at your dollar one buck 47 and changed the dog -- again very actively traded you what else is actively trade these days despite a lot of talk about. Market slowing down its options we're joined now by David Fisher he is CEO of options expressed David welcome. I think it's going down the floor horse here. -- you and I were chatting we need to do was set a couple of interesting things all this negative chatter about the market and individual investors you guys are actually at a record high. For your customer asset base why."

" You know retail -- part of our customers compound retail investors haven't done done a great job as segregating they're investing assets -- from the consumption assets. -- economy's top. -- layoffs they're not getting a lot of raises their home prices have dropped. They haven't taken money out of the market to buy cars -- to paint scanners provide us it's about the wind gets forgot about momentarily picked -- the money in the markets. Focusing on the future. Investing for the long run whether it's retirement account in other words if we -- at least -- customer base if somebody -- putting aside 500 dollars a month it was savings plan or using it to trade. They're not taking money out they're still they may not be spending money on what you note. The discretionary items but you're still putting the money to work for you guys now that that's absolutely right to keep the money in the market and putting new money in the market may be a little slower rate right economy is off. But they're still staying with their investing strategies focusing on the long run. -- our customer assets not to expect -- to an all time high over six billion dollars even though the Dow Jones fell 30% off its all time. And you have a good ideas to. We're the -- and he's he's you can look at the contracts that people are buying the buyer puts of the market you do you ignited the head to the betting that the market's going to fall. What are your customers doing we read about them. Marking what they think about the marketing general. What they definitely are more conservative and we saw a year ago seasonally at this -- rally that our customers that kind of promised certainly participate at -- They're not all the -- puts the buy insurance against -- going up writing covered calls against their existing stock positions to generate some income. And they're diversifying by treating these great products here at the CME and CBOT. Whether it's the cleaning products if you products attractive products. You know even -- The cattle pork products they're -- for a different kind processing plant and and these investors having a pretty sophisticated people write it but they're not institutional investors again you're trying to -- customers so mr. and mrs. Smith in the morning. Maybe longer market through mutual fund and they're using some of the products like an -- at. Right so so don't you know like people watch Fox Business they're actually doing some fairly complex. And strategies you know what their experience and they're smart. But they're not professionals right and these aren't ultra sophisticated strategies. Buying dad buying cattle contract -- buying a treasury future contract isn't any harder than buying stock. I want treasury sponsored fungal eye contact you -- your options express account. -- one of those just like you buy stock -- it's very easy to make it very central part of our customers get lots of education for -- and all the different products out there you know and the ways to use them successfully. Okay news story in our sister publication Barron's recently they've purchased a cup legal option and -- basic and options like. And education but warrant strategies parents said. Your assumptions. Of the growth in customers that you're going to get him off genetics. Our little bit overdone and he responded -- education is super important right and this is a little bit more than just trying to stop that they want to make -- customers understand what they're doing. They're doing it -- fully invested in education since they want. -- that accident exploring -- Well acquisition to back in the spring. Is -- great source of new announcements -- happy -- new accounts are already in equities trading ports absolutely there are coming in the door. We had a goal of having 800 accounts for months by industry data acquisition is next bankable well on track and if it's working are you looking at other acquisitions we continue to look at position with a great cash or better balance sheet we have no debt. The tremendous financial position from a balancing -- with over permanently outcast. See a lot of opportunity for added efficiency of options express takes a couple of for the C -- with a so they donated a lot of retail customers. Arguments are pretty complex and interesting strategies."

" that I wonder what they're returns -- life."

" cookbook depends on what thereby and I guess if it was a hogs not a lot I guess these days boarded up -- yeah hey if they brought."