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Optionable Inc. Message Board

  • corprit_raider corprit_raider May 3, 2007 5:59 PM Flag

    **NEWS OUT ** Record Crude Oil Options

    I was gonna post earlier that our Mgt team seemed out of touch and paralyzed. Well, I guess they are not; they are out there TRYING to stop the bleeding and just came out with a short PR:

    "Optionable Reports Record Volume in Crude Oil Options
    Last Update: 5:50 PM ET May 3, 2007

    VALHALLA, N.Y., May 3, 2007 /PRNewswire-FirstCall via COMTEX/ -- Optionable, Inc. , a leading provider of natural gas and other energy derivatives brokerage services, today announced setting record volume in the NYMEX Sweet Light Crude Oil (LO) contract of approximately 21,300 sides, representing approximately 11.2 percent of the total NYMEX LO volume. Total NYMEX LO volume today including those traded through OPEX(R) was approximately 190,000. Contracts traded solely through OPEX represented approximately 7.5 percent of NYMEX volume today.

    Chairman Albert Helmig said, "This continues to demonstrate the acceptance of our electronic platform by an ever increasing number of market participants. We continue to enjoy high demand from users to access the platform across the ever increasing product slate we offer."

    About Optionable "

    Well, at least they did SOMETHING. Nice to see the crude oil biz taking off. Maybe someday BOM will seem like a small speedbump in the highway of life....

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