SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: CountofMoneyCristo who wrote (2119)7/23/2003 6:16:47 PM
From: Jon Tara  Read Replies (1) of 3143
 
Every ECN pays every broker for adding liquidity. Back in 1998-2000, it may only have been Island.

Island pioneered this pricing policy. They charge the broker for taking liquidity (i.e. hitting an order already on their order book). They pay the broker for adding liquidity (adding an order to the order book, and having it subsequently filled).

(BTW, the payment for adding liquidity is a small fraction of the fee for taking liquidity.)

This is clearly spelled-out on the Island web site. Their prices don't vary between different brokers.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News