Technology >> CEO Interviews >> May 11, 2000
MATTHEW ANDRESEN has been serving as President of The Island ECN, Inc.
since 1998, when he joined the company to manage and lead Island's
overall operations. Since that time, Mr. Andresen has spearheaded
Island's explosive growth and overseen its role in shaping the new
electronic marketplace. Under Mr. Andresen's leadership, Island has
become the fastest, most efficient, and lowest cost forum for trading
equity securities. In 1999, Island's trading volume was over 26.5
billion shares, with a total dollar volume of $1.56 trillion. On an
average day, Island trades approximately 200 million shares ' accounting
for approximately 12% of NASDAQ's volume. On June 28, 1999, Mr. Andresen
launched Island upon one of its most significant challenges ' filing
with the U.S. Securities and Exchange Commission to become the Nation's
first for-profit stock exchange. Industry Standard magazine recently
named Mr. Andresen one of the 'Ten People to Watch in 2000,' and
Institutional Investor magazine also placed Mr. Andresen within its
elite corps of 'The Online Finance 40,' naming him one of the
individuals making the greatest impact on e-finance today. Mr. Andresen
holds a BA in Economics and Political Science from Duke University in
Durham, NC. A championship fencer, he was an alternate for the 1996 US
Olympic Team. At Duke, Mr. Andresen was also a National Champion and a
four-time All-American in the sport. Mr. Andresen has frequently
appeared as an expert witness before various US Congressional Committees
on such issues as the future of US equity markets, the benefits of
electronic exchanges and the role of venture capital. He is also a
regular financial commentator for various news and business shows. Profile
Mr. Andresen: Island was founded in 1996 to be an electronic marketplace
for the buying and selling of NASDAQ equities.
TWST: Is
