Status - Fully Subscribed

 

Over the next few days Optech will be launching Eve-Index, the first traded mineral options market in New Eden. Pilots will be able to trade mineral futures, pitching their wits against the market in an effort to predict and profit from either a rising or falling market. Holders of minerals will be able to "hedge" against market fluctuations to reduce risk in their mineral portfolio.

 

The Eve-Index market is not on offer here. The market will be conducted with no trading fees and will be open to all who wish to use it, with the only fee being a 1% withdrawal fee to cover the only manual bit of the process.

 

The purpose of the IPO is to raise funds to "write" option contracts. For example in a call option the buyer purchases the right to buy (say) trit at 3.3 isk per unit before a certain date in the future. Contracts of course have two parties, and the other side of the coin is that the person creating the call option (the "writer") enters into the obligation to sell trit at that price.

 

Of course if we correctly predict the market movements the money made from selling the option contracts is our profit to keep.

 

Fully Subscribed

 

OPTECH Mineral Ventures was launched on 25th Sept 07 and all shares have been sold. A listing on EGSEX has been applied for.