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 BurchillNumber of Employees 14
Contact Information
465 Columbus Avenue
Suite 280
Valhalla, New York 10595
914-773-1100
Peer Companies
NAICS Code Custom Computer Programming Services: 541511
News & Analysis
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optionable inc. - All News and Analysis
View Systems Issues A Company Review Of The Last Six Months, While Other Companies Announce Update On Product, Increase In Orders, Update Investment Community, Report Record Financial Results, And Plan To Present At Conference.
M2 PRESSWIRE-7 February 2007-Stockguru.com: View Systems Issues A Company Review Of The Last Six Months, While Other Companies Announce Update On Product, Increase In Orders, Update Investment Community, Report Record Financial Results, And Plan To Present At ConferenceC1994-2007 M2 COMMUNICATIONS LTD RDATE:07022007 ...
- 1
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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