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?
    http://www.openecry.com/company/newsevents.cfm
    http://forexmagnates.com/gain-capital-published-open-e-cry-purchase-price-12-million/

    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. Pippi436

    Pippi436

    12 million? Sounds like a steal.
     
  4. Horrible news