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HEDGESTREET LAUNCHES COPPER CONTRACTS
INTRODUCES ENHANCED TRADING "DASHBOARD" WITH STREAMING MARKET DATA
SAN MATEO, CA, May 3, 2006 -- HedgeStreet.com, the nation's first government-regulated online market for binary options and capped futures, today announced the launch of Binary Copper contracts, as well as the introduction of an enhanced trading "Dashboard" that features real-time streaming data across all of its markets, including oil, gold and silver.
The new Copper contracts are of a binary nature and are being offered in a spot (daily) trading format. Copper prices climbed 94% in 2005, fueled by strong economic activity leading to a surge in demand that exceed supply from mines, refiners and scrap yards by 40,000 tons.
"Our top priority is to provide traders with new profit opportunities and innovative, inexpensive products and services to maximize their trading experience," said Bill McIntosh, VP Marketing for HedgeStreet. "With precious metal prices in state of flux, we are confident that our traders will embrace our newest product, just like they've done with gold and silver, to hedge against or speculate on future price shifts."
HedgeStreet's enhanced trading Dashboard enables members to quickly identify the most active contracts, called Hedgelets, and find the biggest intraday movers. It also allows for streamlined order entry and an "always-on" order book that is visible at all times. In addition, HedgeStreet has also modified its quotes and charts area to support easier navigation, more market information, and an overall faster trading experience.
"Retail traders can now benefit from continuously updating bid and ask prices, trade and volume changes and a real-time order book," said Mark Rose, Director of Product Management at HedgeStreet. "In today's volatile markets, having the most current market data at your fingertips is crucial to trading with success."
The Dashboard is available in late version browsers including Internet Explorer and Firefox for both PC and Mac. No software downloads or installations are required.
For more information, visit HedgeStreet at www.hedgestreet.com.
About HedgeStreet
HedgeStreet Inc. is the only U.S. based person-to-person market that lets online investors trade innovative financial instruments based on economic events and price movements. A designated contract market (DCM) and a registered derivatives clearing organization (DCO), HedgeStreet is subject to regulatory oversight by the Commodity Futures Trading Commission (CFTC).
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