Instinet/Island Change Capitol Jockeys
Traders Magazine, December 2002
In a move that surprised some, Peter Rich has been removed as Instinet/Island's chief Washington lobbyist. He will be replaced, in part, by Andrew Goldman, executive vice president. Goldman, along with Instinet General Counsel Paul Merolla, will jointly supervise Instinet/Island's Congressional lobbying efforts. "Our chief priority is to find the most efficient way to integrate electronic markets into the traditional markets so they can fully and fairly compete," Goldman said. He added that his firm has no particular law or rule it is committed to changing or passing this session, but "wants to educate" regulators and lawmakers on the needs of electronic markets. Goldman's additional duties, along with the departure of Rich, raised eyebrows in the trading community.
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