Island Targets Institutions; Continues Development of Inlet
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NEW YORK--Matt Andresen, president of Island, has confirmed the ECN will move forward with plans to extend its offering to the institutional trading community. Up until now, the Island ECN has grown and built its reputation primarily serving the retail market.
Plans to create an Island institutional product have been in progress for more than a year. "Our liquidity needed to be at a point where we could effectively serve the buy side," says Andresen. (Volume on the ECN in 1999 was approximately
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