Optionable Breaks Ground in OTC Energy Market
TRANSACTION SYSTEMS
NEW YORK--Optionable, a new Internet-based site for energy-based options contracts, aims to take the over-the-counter energy market away from traditional phone brokers.
Mark Nordlicht, chairman, chief executive officer and founder of the company, contends, "Electronic trading will eventually replace the open outcry system; trading over the phone is becoming rapidly antiquated."
"This is going to be purely an options exchange," Nordlicht says, "It is our area of expertise." Nordlicht and the other
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