<SEQUENCE>2

<FILENAME>ex10.txt

<DESCRIPTION>CONTRACT

<TEXT>

                              EMPLOYMENT AGREEMENT







          EMPLOYMENT AGREEMENT, dated as of October 30, 2005 (this "Agreement"),

     between OPTIONABLE,  INC., a Delaware corporation ("Employer") and KEVIN P.

     CASSIDY ("Employee").



                              W I T N E S S E T H:

                              - - - - - - - - - -



          WHEREAS,  Employer is engaged in the business of providing trading and

brokerage services to brokerage firms, financial  institutions,  energy traders,

and hedge funds, and developing an automated electronic trading system; and



          WHEREAS,  Employee seeks to be employed by Employer and Employer seeks

to so engage Employee as its Chief Executive Officer and Vice Chairman;



          NOW, THEREFORE,  in consideration of the mutual covenants and promises

herein  contained,  and other good and valuable  consideration,  the receipt and

sufficiency  of which are hereby  acknowledged,  the parties  hereto,  intending

legally to be bound, agree as follows.



          1. Employment. Employer agrees to employ Employee and Employee accepts

employment  with  Employer,  on the  terms  and  conditions  set  forth  in this

Agreement.



          2. Term of Employment.  Employer hereby employs  Employee and Employee

hereby accepts  employment for a term commencing on the date first written above

(the  "Commencement  Date"),  and expiring on that date five (5) years after the

Commencement  Date,  unless  sooner  terminated  as  hereinafter  provided  (the

"Employment Period"). This Agreement shall be renewable for succeeding terms, if

any  (each of the  Employment  Period  and each  successive  term of  employment

hereunder,  a "Term") only by written agreement by Employer and Employee entered

into within  thirty (30) days prior to the  expiration of the then current Term.

In the absence of such renewal, this Agreement shall terminate at the end of the

then current Term.



          3. Duties During  Employment.  Employee  shall be employed by Employer

during each Term as its Chief Executive  Officer.  As soon as practicable  after

the execution and delivery of this agreement,  the Board of Directors shall vote

on the election of Employee as a Director of Employer.



          In carrying out his duties under this  Agreement,  Employee shall have

such  powers  and  duties  usually  incident  to the  office of Chief  Executive

Officer.  Employee  shall have authority do such acts and to make such contracts

as are  necessary or proper to carry on the business of Employer,  including but

not limited to:



          (a)  managing and overseeing the brokerage operations of the Employer;



          (b)  managing and overseeing the marketing operations of the Employer;



<PAGE>



          (c)  management and oversight of employees of the Employer;



          (d)  leading  senior  level  management  and  participating  in  Board

               meetings at the request of the directors; and



          (e)  use of his  best  efforts  to carry  into  effect  the  policies,

               initiatives and directives of the Board.



          Employee agrees that he shall devote no less than eighty (80%) percent

of his working time to carrying out his duties and obligations hereunder.  It is

expressly  acknowledged,  however,  that,  subject  to the  preceding  sentence,

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