VALHALLA, N.Y., May 3 /PRNewswire-FirstCall/ -- Optionable, Inc. (BULLETIN BOARD: OPBL) , 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
Optionable, Inc. is a leading provider of natural gas and other energy derivatives trading and brokerage services, headquartered in Valhalla, NY. The company provides its services to brokerage firms, financial institutions, energy traders and hedge funds nationwide. In addition to the traditional voice brokerage business, Optionable developed an automated derivatives trading platform. OPEX(R) is a real-time electronic trade matching and brokerage system designed to improve liquidity and transparency in the energy derivatives market. For more information about Optionable and OPEX please visit http://www.optionable.com/.
Safe Harbor Statement
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with market acceptance of OPEX, our ability to retain key employees, reliance of strategic relationships, intense and increasing competition, concentration of services revenues related to natural gas derivatives, increased governmental regulations as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Optionable assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
OPEX is a servicemark of Optionable, Inc.
