HedgeStreet Reports Impressive Inaugural Year with Nearly 1 Million Contracts Traded and Settled

Yahoo reports:

HedgeStreet.com, the nation's first person-to-person, government-designated online marketplace, announced today that exchange-wide volume(1) for its first year of trading totaled 954,494 contracts called Hedgelets.

More than one-third of HedgeStreet's volume (341,342) came from trading in energy products, including crude oil, natural gas and gas-at-the-pump. Commodities, including gold and silver, accounted for 29 percent of HedgeStreet's volume (280,146), and Hedgelets based on four major currency exchange rates totaled 235,400 contracts.

The triumph of markets.