Optionable buys NYMEX seats
-
- March
- 15
Optionable Inc., a Valhalla company that provides energy derivatives brokerage services, has bought New York Mercantile Exchange membership seats for $1.2 million, the company announced today. The company said it bought the seats through a subsidiary, OPEX International, Inc. Optionable chief executive Kevin Cassidy said the purchase is part of a plan to expand the company’s NYMEX floor operations product line on the exchange and in over-the-counter trading. The company’s shares closed at $6.25, down 17 cents on the day.
This entry was posted
on Thursday, March 15th, 2007 at 5:39 pm by Allan Drury.
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