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Home > Company Index > Financial Services > Miscellaneous Financial Services > The Island ECN, Inc.

The Island ECN, Inc.
 NEWS FROM THE STANDARD
Applied Micro Circuits Cuts 1st-Quarter Revenue Outlook
Jun 25 2001 02:47 PM PDT

Transmeta Warns 2nd-Quarter Sales to Fall Up to 45% From 1st Quarter
Jun 20 2001 04:26 PM PDT

Instinet Closes 22% Above IPO Price
May 18 2001 03:11 PM PDT

IPO Weekly: Instinet Gratification
May 11 2001 05:37 PM PDT

Things Can Only Get Worse
Feb 08 2001 12:53 PM PST

 PROFILE
Never send to know for whom this company toils; it toils for thee, small investor. Aimed at democratizing stock trading, The Island ECN (electronic communications network) is one of the leading off-exchange trading marketplaces for small investors (through online discount brokers). It matches buy and sell orders for a fraction of a penny per-share fee and provides an open order book for stock prices. Nasdaq stocks account for most of The Island's volume; it hopes to expand its prospects by becoming an exchange. A group of investment firms, including Bain Capital and TA Associates, owns about 90% of the ECN, while former parent Datek Online owns less than 10%.

 COMPETITION
Archipelago LLC (dossier)
Instinet Group Incorporated (INET)
MarketXT, Inc. (dossier)

 DEALS
Deal: Island Gets $25 Million Investment
Date Announced: 05.12.99
Value of transaction (US $Mil): 25
Description: Online-trading system developer receives $25 million from Waterhouse for 12.5 percent stake.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 20.00
1-Yr. Sales Growth: 233.3%
Employees: 100
Revenue per employee: $200,000.00

 KEY PEOPLE
• Matthew Andresen
    CEO
• Joseph Dwyer
    CFO

 CONTACT INFO
50 Broad St., 6th Fl.
New York, NY 10004
US
Phone: 212-231-5000
Fax: 212-487-2983
Online: Web Site

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