Bill Lupien

He was a Specialist and later Exchange Governor on the Pacific Stock Exchange (PSE),[citation needed] a Nasdaq market maker, the Chairman and CEO of Instinet,[1][2] the Chairman and CEO of OptiMark Corporation,[3] and the Managing Director of the General Partner of a hedge fund, Kudu Partners LP.

Following that, he attended San Diego State University, where he graduated in 1965 with dual Bachelor of Science degrees in finance and marketing.

Lupien began his financial career working for Corporate Securities, Inc. in Arcadia, CA, a brokerage firm.

[citation needed] Lupien left MJT in 1980 to found Trading Company of the West with Tony Forstmann, but continued as a Specialist on the PSE until January 1983.

He then moved to New York City as President of Institutional Networks Corp. (later renamed Instinet), and was named Chairman and CEO later that year.

[5][6] Lupien moved to Los Angeles in 1988 and restarted MJT as an institutional broker and Nasdaq market-maker.

Acting as Chairman and CEO, Lupien moved MJT to Durango, Colorado in 1993 in order to pursue his interest in ranching.

Terry Rickard joined MJT in June 1994, and he and Lupien jointly designed and developed the OptiMark trading system.

OptiMark’s design enabled complex orders of arbitrary sizes and strategies to be entered into the market anonymously.

OptiMark was issued several patents on its trading technology,[11][12][13][14] and its upcoming release received a lot of journalistic attention.