Open E Cry Launches Foreign Exchange (FX) Trading

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Wed Apr 29, 2009 8:30am EDT

Technology-driven brokerage firm now offers futures, futures options and forex
trading on a single platform

POWELL, Ohio, April 29 /PRNewswire/ -- Open E Cry, LLC, (OEC) a direct access
brokerage firm, today announced the launch of OEC FX, their new online foreign
exchange (forex) trading service. With OEC FX, Open E Cry now supports
futures, futures options, and forex trading on a single platform.   

"Forex is a natural product extension for our user base of active traders and
high volume institutional clients," commented Rick Tomsic, CEO of Open E Cry. 
"Many of the tools that we've built into our platform will be especially
useful when trading forex - both in terms of identifying trading opportunities
and in executing trading strategies, either manually or using our trade
automation tools," continued Mr. Tomsic. 

GAIN Capital, a global provider of online foreign exchange services, provides
Open E Cry with FX clearing and custody services.  "Partnering with GAIN
Capital accelerated our time to market significantly," said Brian Weis,
Business Development at Open E Cry.  "GAIN's robust technology infrastructure
enabled us to seamlessly integrate their forex pricing and execution
capabilities into our existing platform," continued Mr. Weis. "We are very
excited about our relationship with Open E Cry," added Glenn Stevens, CEO of
GAIN Capital. "OEC's trading platform is impressive and I believe their
enhanced offering will receive a lot of attention from active traders looking
to trade multiple asset classes from one platform." 

Open E Cry's proprietary trading software, OEC Trader, provides streaming
quotes, depth of market, 15+ advanced order types, sophisticated, built-in
charting tools with over 150 technical indicators and studies as well as
custom indicators, and algorithmic trading support.  End user access is
achieved through a downloadable software interface or through a proprietary
API.

Traders can register for a free trial of OEC trader at
https://www.openecry.com/software/download1.cfm

About Open E Cry, LLC
Open E Cry, LLC, (OEC) a subsidiary of OptionsXpress Holdings, Inc., is a
direct access brokerage firm that combines premier customer service with the
latest technology in multi-asset trading. OEC supports active traders,
institutional clients, introducing brokers and API developers utilizing OEC
proprietary technology. OEC is registered as a Futures Commission Merchant
(FCM) with the Commodity Futures Trading Commission (CFTC) and as a member of
the National Futures Association (NFA). For more information, visit
www.openecry.com. 

OEC acts as an introducing broker to GAIN Capital for all offered forex
products.  Forex accounts are held and maintained with GAIN Capital which
serves as the clearing agent and counterparty to forex trades. 


About GAIN Capital 
GAIN Capital is a market leader in the rapidly growing online foreign exchange
(forex or FX) industry. Founded in 1999 by Wall Street veterans, GAIN now
services clients from more than 140 countries and supports average trade
volume of nearly $200 billion per month with its customers and trading
partners. 

GAIN Capital provides execution, clearing, custody, and technology products
and services, supporting over 50 correspondent and white label arrangements
with broker/dealers, Futures Commission Merchants (FCMs) and other financial
services firms around the globe. The company also operates FOREX.com
(www.forex.com), one of the largest, best-known brands in the retail forex
industry. 

With offices in New York City, Bedminster, New Jersey, London and Tokyo, GAIN
Capital and its affiliates are regulated by the Commodity Futures Trading
Commission (CFTC) in the U.S., the Financial Services Authority (FSA) in the
United Kingdom, and the Financial Services Authority (FSA) in Japan. For
company information, visit www.gaincapital.com, or for trading information,
visit www.forex.com. 


SOURCE  Open E Cry, LLC

For Open E Cry: Brian Weis, Open E Cry, LLC, +1-614-764-4484,
bweis@openecry.com, For GAIN Capital: Steph Johnson, +1-212-808-4904,
steph@feintuchpr.com, or Christa Conte, +1-212-808-4902,
christa@feintuchpr.com, both of Feintuch Communications
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