Adam Riggs (executive)
Encyclopedia
Adam Riggs is an American finance and ecommerce/new media
executive and entrepreneur.
Shutterstock
is the world's largest online subscription-based microstock photography
site, and is based in Manhattan. Adam has been involved in every phase of Shutterstock's growth since he joined the company in December 2005, and where he remains active on the Board of directors
. He was the company's first president, until April 2010, and first CFO, until September 2010. In addition to guiding Shutterstock's day-to-day operations and international expansion, Adam has designed and publicly commented on several of Shutterstock's pricing and payment plans. Shutterstock's library has grown from 30,000 royalty-free stock images in 2003 to over 13 million as of September 2010. The company has customers in and sources visual content from nearly every country worldwide.
Adam was a professional proprietary derivatives trader for nine years, from 1997 through 2005. Focusing on index arbitrage
, he actively traded futures contracts, ETFs
, and stocks
as a member of both the American Stock Exchange
and the Chicago Mercantile Exchange
.
Prior to his trading career, Adam did econometric research on securities fraud and antitrust at the NERA
division of Marsh & McLennan, the insurance giant.
Adam graduated from Reed College
in 1995 with a Bachelor of Arts degree in Sociology
.
New media
New media is a broad term in media studies that emerged in the latter part of the 20th century. For example, new media holds out a possibility of on-demand access to content any time, anywhere, on any digital device, as well as interactive user feedback, creative participation and community...
executive and entrepreneur.
Shutterstock
ShutterStock
Shutterstock is a microstock photography website which maintains a library of royalty-free stock images available by subscription. Visitors can browse the entire image library for free, and can license and download images online through a variety of subscription offers.Shutterstock adds to its...
is the world's largest online subscription-based microstock photography
Microstock photography
Microstock photography, also known as micropayment photography, is a part of the stock photography industry. What defines a company as a microstock photography company is that they source their images almost exclusively via the Internet, do so from a wider range of photographers than the...
site, and is based in Manhattan. Adam has been involved in every phase of Shutterstock's growth since he joined the company in December 2005, and where he remains active on the Board of directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
. He was the company's first president, until April 2010, and first CFO, until September 2010. In addition to guiding Shutterstock's day-to-day operations and international expansion, Adam has designed and publicly commented on several of Shutterstock's pricing and payment plans. Shutterstock's library has grown from 30,000 royalty-free stock images in 2003 to over 13 million as of September 2010. The company has customers in and sources visual content from nearly every country worldwide.
Adam was a professional proprietary derivatives trader for nine years, from 1997 through 2005. Focusing on index arbitrage
Index arbitrage
Index arbitrage is a subset of statistical arbitrage focusing on index components.The idea is that an index is made up of several components that influence the index price in a different manner.For instance, there are leaders...
, he actively traded futures contracts, ETFs
Exchange-traded fund
An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as the S&P 500 or MSCI EAFE...
, and stocks
Stocks
Stocks are devices used in the medieval and colonial American times as a form of physical punishment involving public humiliation. The stocks partially immobilized its victims and they were often exposed in a public place such as the site of a market to the scorn of those who passed by...
as a member of both the American Stock Exchange
American Stock Exchange
NYSE Amex Equities, formerly known as the American Stock Exchange is an American stock exchange situated in New York. AMEX was a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. On January 17, 2008, NYSE Euronext announced it would acquire the...
and the Chicago Mercantile Exchange
Chicago Mercantile Exchange
The Chicago Mercantile Exchange is an American financial and commodity derivative exchange based in Chicago. The CME was founded in 1898 as the Chicago Butter and Egg Board. Originally, the exchange was a non-profit organization...
.
Prior to his trading career, Adam did econometric research on securities fraud and antitrust at the NERA
Nera
Nera may refer to one of the following:* Nera , a tributary of the Tiber in Italy.* Nera River , a tributary of the Indigirka in Russia.* Nera River , a tributary of the Danube, flowing through Romania and Serbia....
division of Marsh & McLennan, the insurance giant.
Adam graduated from Reed College
Reed College
Reed College is a private, independent, liberal arts college located in southeast Portland, Oregon. Founded in 1908, Reed is a residential college with a campus located in Portland's Eastmoreland neighborhood, featuring architecture based on the Tudor-Gothic style, and a forested canyon wilderness...
in 1995 with a Bachelor of Arts degree in Sociology
Sociology
Sociology is the study of society. It is a social science—a term with which it is sometimes synonymous—which uses various methods of empirical investigation and critical analysis to develop a body of knowledge about human social activity...
.