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HEDGESTREET AND WHISPERNUMBER ANNOUNCE LAUNCH OF CO-BRANDED WEBSITE
SAN MATEO, CA, May 11, 2006 -- HedgeStreet.com, the first government-regulated online exchange for binary options and capped futures, and WhisperNumber.com, an independent financial research firm that collects sentiment and market expectations from the investing public, today announced the launch of a co-branded website - "WhisperNumber, presented by HedgeStreet".
The site will enable WhisperNumber members to trade on HedgeStreet's online market and provide HedgeStreet members with access to WhisperNumber's research and data to help guide their trading decisions. Based on WhisperNumber member input, the website will initially offer information on the probability of price changes on crude oil, gas at the pump, and gold and silver contracts. Example: http://www.whispernumber.com/rsc/futures_oil.jsp.
"The common denominator between HedgeStreet and WhisperNumber is the collective wisdom of their members," said Bill McIntosh, VP Marketing for HedgeStreet. "Their combined input about prices for a variety of markets or events will essentially create a predictive market."
John Scherr, President of WhisperNumber, added: "Our 'whisper numbers' are derived from an average of individual investors' expectations. Applying these numbers to HedgeStreet's markets will add substantial predictive power to HedgeStreet's traders. WhisperNumber's members will in turn benefit from direct access to HedgeStreet's unique trading exchange."
HedgeStreet, which began operations in late 2004 following regulatory approval by the Commodity Futures Trading Commission (CFTC), traded and settled nearly 1 million contracts (called Hedgelets) during its first full year of operation. WhisperNumber, founded in 1998, gathers its data from more than 50,000 members who have registered on its website.
About HedgeStreet.com
HedgeStreet Inc. is the only U.S. designated market that lets online investors trade innovative financial contracts based on the outcome of future economic events and price movements such as oil, gold and housing prices. 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). For more information, visit www.hedgestreet.com.
About WhisperNumber.com
WhisperNumber.com is an independent financial research firm that collects sentiment and market expectations from the investment public. The "whisper number" found on WhisperNumber.com is derived from an average of individual investors' expectations regarding earnings for the most recent quarter. The company also gathers whisper numbers for monthly economic expectations data from investors, and publishes market sentiment data on US & Global Stock Markets, bonds, sectors, ETF's, currencies, and all major commodities in the metals, energy, and agricultural groups. For more information, visit www.WhisperNumber.com.
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