It's really sad that so many on this board believe Optionable's hype.
If you surveyed 100 institutional energy traders, less than 10 would tell you that they're using Optionable's brokers and even fewer are using OPEX. As soon as anyone (Parity, GFI, ICAP, CME, the list is long) offers a better platform for options Optionable is done, that's their only edge. And Parity is apparently only weeks or months away from having a superior platform for options, they already have it for swaps. NYMEX has enough capital that if Optionable goes by the wayside, oh well...
LAST BUT NOT LEAST, there was an article written in a well regarded industry (energy trading) publication that says an unnamed, publicly traded "voice broker" (if you know the industry well enough you know the probability points to Optionable) has been paying their customers to get order flow. Not only unethical, but illegal. Can't wait until the regulators get their hands on this one given there love of going after energy traders breaking the law...
Here's the link: http://www.scudderpublishing.com/headlines/story3.php
I've never had, nor will I ever have a position in this scam...
Why did you just create a new screen name? Why are you here if you have no position in a company you never heard of until last night?
It doesn't make sense unless you have an agenda and with each post you make it's obvious that agenda is to bash.
Enough of posting on this topic go to yahoo finance for all the sec filings for warrants and Stock Options. Do you all think that the top three owners who are selling their stock to Nymex personally for a total of 27 million dollars would risk losing that?? I also have to believe that Nymex CEO knows a little more about trading energy than all of us who are posting on this board. Let's use a little common sense hear move on to the next topic.
You're a walking contradiction.
you say this:
I trade OTC energy options for a large institution and had never heard of Optionable or their trading platform until a friend sent me the link to this message board tonight.
but you also say this:
Unless I'm mistaken Optionable and GFI are the only energy brokers that are publicly traded in the US so it has to be one or the other.
how can you know about optionable and at the same time not?
This board is infected by the furry little rodents. I think we got the low-end ones. The accomplished bashers grabbed the cubicles near the coffee machine and we got the ones next to the elevator shaft. Sometimes when they post you can hear the squeaky pulley going up and down. Or it could be their brains. At 3 A.M. its hard to tell.
"True longs may have to address the bashers or they will appear to the newbies as being the people with all the information."
Really, then why are you here? Just a nice guy, to save poor long souls from financial disaster? Everything you say is BS, you are short, and about to lose your shirt, ER is around the corner.....