COMPANY: - Optionable (OPBL) is a leading provider of energy derivatives trading and brokerage services to large financial institutions. - Main advantage is OPEX realtime electronic trading platform, besides voice brokerage and open outcry trading on NYMEX floor, and OPEX analytics RealMarks. - OPBL's business is profitable and growing fast, it's hiring more people and moved to new HQ in Jan'07. http://www.optionable.com
MARKET: Derivatives trading market overall is worth several $100 Trillions, and energy derivatives market is growing rapidly. http://en.wikipedia.org/wiki/Derivative_...
PRODUCTS: - OPEX is the first Realtime Electronic Trading platform to be certified with NYMEX ClearPort. It provides Complete Price Transparency, Anonymity, Customized Expiration Dates, Customized Strike Prices, Credit Screening, Virtual Back Office, and Seamless System Integration. - Besides various kinds of energy derivatives, OPEX can be used for futures and options trading of commodities, equities, currencies, etc. - There are no major competitors to OPEX, and OPBL has filed several patents on its technology.
ALLIANCES: - As a major endorsement of OPBL and OPEX, NYMEX purchased 19% of OPBL from its management in Jan'07, with warrants to buy upto 40% total. This includes joint technology development and marketing partnership for next 10 years. - NYMEX itself has additional ownership in Dubai and Montreal Exchanges, which could benefit OPBL's expansion. http://yahoo.brand.edgar-online.com/fetc...
FUTURE POTENTIAL: - OPBL is signing up more customers due to the OPEX advantage and NYMEX alliance. - Rapid growth of OPBL's derivatives trading volume (1.78M for Dec'06) will result in higher Revenues, and more electronic trading through OPEX will result in higher profit margin (and EPS). - OPBL stock could possibly move from OTCBB to NASDAQ/AMEX/etc giving more visibility to analysts and fund managers.