BNET Industries

Market Cap:$1.2M
Last Fiscal Year Sales:$13.2M
  • Public
  • US
Dow Jones Description

Optionable, Inc. is a leading provider of natural gas and other energy derivatives trading and brokerage services. The company provides its services to brokerage firms, financial institutions, energy traders and hedge funds nationwide. Optionable is a public company with its stock trading on the OTC Bulletin Board. Optionable provides its customers a full range of trading strategies, including voice brokerage, floor brokerage services at the New York Mercantile Exchange (NYMEX) and Optionable has developed an automated derivatives trading platform named OPEX. Drawing upon the more than twenty years of experience of its senior traders, Optionable worked closely with the customers to tailor trades and develop the best trading strategies to meet the customers' investment objectives. OPEX is a real-time electronic trade matching and brokerage system designed to improve liquidity and transparency in the energy derivatives market. OPEX, is designed to be the first of its kind real-time electronic trade matching and brokerage system featuring trading strategies used by professional options traders. OPEX trading platform has also been certified to connect with the NYMEX ClearPort(r) electronic trading and clearing platform. Optionable was founded with the goal of creating a comprehensive electronic options trading platform that eliminates the inherent inefficiencies of the traditional open-outcry and over the counter (OTC) trading environments...

President, CEO and Director
Thomas F Burchill
Number of Employees 14
Contact Information

465 Columbus Avenue

Suite 280

Valhalla, New York 10595

optionable.com

914-773-1100

NAICS Code Custom Computer Programming Services: 541511

News & Analysis

optionable inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Thomas F Burchill President, CEO and Director
Edward O'Connor President, Treasurer
Charles Wilson Chief Technology Officer
Marc-Andre Boisseau Chief Financial Officer
Yechiel Abraham Zucker Executive Vice President and Secretary
Abe Zucker Executive Vice President and Co-Founder
Mark Nordlicht Founder

Board of Directors

Name (plus bio) Position
Albert Helmig Executive Chairman
Albert Heming Board of Directors
Andrew Samaan Board of Directors
Dov Rauchwerger Board of Directors

Organization Position Status
Optionable, Inc. President, CEO and Director Current
Epals Classroom Exchange Current
Optionable, Inc. Board of Directors Current
Venaca, Inc. Venaca's CEO Former
Petry Media Corporation CEO Former
U.S. Navy officer Former
Banc of America Securities LLC Former
Petry Media Corporation Chairman Former
Northwestern University Masters in Management and as the Fetzer scholar Former
Columbia University MBA Former
College of the Holy Cross BA Former
College of the Holy Cross Degrees Former

Edward J. O'Connor has served as a director since March 2001. Mr. O'Connor previously served as our CEO between March 2004 and October 2005 and as our President between March 2001 and January 2009 . Since December 1996 to early 2007, Mr. O'Connor has served as a director and periodically as a managing director of Capital Energy Services, LLC (formerly Orion Energy Services, LLC), which was an energy options brokerage business on the NYMEX. While serving as our President, Mr. O'Connor's primary responsibilities included negotiating and entering into contracts for our business and accounting for our funds. Mr. O'Connor graduated from Georgetown University in 1977 with a BS degree in Business Administration.

Organization Position Status
Optionable, Inc. President, Treasurer Current
Optionable, Inc. Treasurer Current
Optionable, Inc. CEO Former
Fxoptions President Former
The Mintz Co Partner Former
Gold Inc. Partner Former
Georgetown University BS Degree In Business Administration Former

Organization Position Status
Netserity, Inc CEO Current
Optionable, Inc. Chief Technology Officer Current
Netserity, Inc Founder Current
Atomic Dog Publishing CEO Former

Marc-Andre Boisseau, Chief Financial Officer Mr. Boisseau has served as Chief Financial Officer since December 2004. Since January 2002, he has served as an advisor to small and medium publicly traded and private companies on financial, tax and accounting matters. Between January 2000 and December 2001, he served as Vice-President Finance of DataCore Software, Inc., a privately held software developer. Prior to that, he served as Chief Accounting Officer (from May 1997 to December 1999) and Vice President Controller (from January 1, 1998 to December 1999) of Citrix Systems, Inc. a publicly traded software developer. Mr. Boisseau is a certified public accountant.

Organization Position Status
Optionable, Inc. Chief Financial Officer Current
Optionable, Inc. Board of Directors Current
Datacore Software Corporation Vice President Former
University of Montreal BA Degree In Business Administration Former

Organization Position Status
Optionable, Inc. Executive Vice President and Secretary Current

Mr. Zucker is a co-founder of the Company and has served as our Executive Vice President since April 2004. Prior to that, he served as our Senior Vice President from 2000 through March 2004. Mr. Zucker also served as Executive Vice President of iDerive, Inc. from February 2000 to January 2001. Prior to that, he served as an analyst at West End Capital, a private investment fund, from 1999 through January 2000. He has also spent time as a market maker in cotton options on the New York Cotton Exchange.

Organization Position Status
Optionable, Inc. Executive Vice President and Co-Founder Current
Optionable, Inc. Board of Directors Current

Mark Nordlicht: Mr. Nordlicht is a founder of the Company and has served as our Chairman of the Board of Directors since 2000. Mr. Nordlicht has also been the Managing Partner of the General Partner of Platinum Partners Value Arbitrage Fund, a market-neutral hedge fund, since January 2003. Mr. Nordlicht also served as Managing Partner of West End Capital from 1998 through 2002. In his various positions, Mr. Nordlicht has been responsible for the oversight of all of our operations. Mr. Nordlicht earned a BA degree from Yeshiva University in 1989.

Organization Position Status
Optionable, Inc. Founder Current
Optionable, Inc. Chairman Current
Northern Lights Trading Co., Inc Founder Former
Northern Lights Trading Co., Inc General Partner Former
Platinum Energy Resources, Inc. Chairman of the Board Former
Yeshiva University BA Degree Former

Organization Position Status
Gray House Founder Current
Gray House Managing Partner Current
Optionable, Inc. Executive Chairman Current
Platinum Energy Resources, Inc. Board of Directors Current
New York Mercantile Exchange, Inc. Vice Chairman Former
Optionable, Inc. Board of Directors Former
Philadelphia University BS Degrees In Economics and Finance Former
Nymex Member Former

Organization Position Status
Optionable, Inc. Board of Directors Current

January 2009 Thomas F. Burchill has served as one of directors since November 2007. Mr. Burchill worked at Hearst, ABC and Viacom, serving, beginning in 1984, as the first President and Chief Executive Officer of Lifetime Television, owned by the three companies. Between 1993 and 2001, Mr. Burchill, served as Chairman and Chief Executive Officer of Petry Media Corp., was responsible for reengineering that company with computer technology initiatives and subsequently oversaw the acquisition of, and successful integration of, a competitor, John Blair Co. Since 2001, Mr. Burchill has provided leadership or advisory assistance to a number of early stage companies that serve the media sector, including Mitra Technologies, a traffic and billing software firm, and SB3 Inc., a media focused business intelligence firm and Venaca, Inc., a digital asset management company. Mr. Burchill has been active in a number of industry organizations, including service as Chairman of the Cable Television Advertising Bureau and as a member of the Board of Directors of both the Television Bureau of Advertising and the International Radio and Television Society. Currently, he serves as Chairman and CEO of Mediastar Ventures LLC, an advisory firm. Mr. Burchill holds degrees from Holy Cross College and the Columbia University Graduate School of Business. Marc-Andre Boisseau has served as our Chief Financial Officer since December 2004. Since January 2002,as President of Boisseau, Felicione & Associates, Inc., he has served as an advisor to small and medium publicly traded and private companies on financial, tax and accounting matters. Between January 2000 and December 2001, he served as Vice-President Finance of DataCore Software, Inc., a privately held software developer. Prior to that, he served as Principal Accounting Officer (from May 1997 to December 1999) and Vice President Controller (from January 1, 1998 to December 1999) of Citrix Systems, Inc. a publicly traded software developer. Mr. Boisseau is a certified public accountant. Mr. Boisseau graduated with a BA degree in Business Administration in 1987 from the University of Montreal.

Organization Position Status
Optionable, Inc. Board of Directors Current

Organization Position Status
Optionable, Inc. Board of Directors Current
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     OPBL $0.03 0.00 (0.00% )
Average Volume 32,272
Shares Outstanding 48.33M
Market Cap 1.3M
Year High 0.07
Year Low 0.009
Earnings Per Share -0.07
P/E Ratio -0.37
Dividend N/A
Yield N/A
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