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Optionable's BMO Bite

Stock quotes in this article: OPBL , BMO , NYM  

BMO Financial's (BMO Quote) natural gas blowup could yet singe commodities broker Optionable (OPBL Quote).

BMO, also known as Bank of Montreal, admitted Friday that it lost more than $300 million on natural gas trades that went bad.

Optionable, a Valhalla, N.Y., broker of energy options and derivatives trades to U.S. hedge funds and other financial institutions, said in a recent federal filing that BMO accounted for 24% of net revenue last year. ...

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