Open E Cry SOLD again (to Gain Capital)

Discussion in 'Retail Brokers' started by MBAGearhead, Jul 10, 2012.

  1. OptionsXpress bought OEC back in 2008 for $18 million.
    Last year, Schwab bought OptionsXpress.
    Now, OptionsXpress is selling OEC to Gain Capital for $12 million.
    Is it worth 33% less now even though it's much bigger?

    I'm all for capitalism but am worried this may not be good for customers like me since Schwab is huge with much deeper pockets. Does anyone have any reviews on Gain? I hope they are more than a Forex bucket shop...
  2. nkhoi

    nkhoi Moderator

    now it's a good time to allocate your eggs in diff baskets.
  3. 12 million? Sounds like a steal.
  4. Horrible news