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.
Strategies & Market Trends : After Hours Trading(ECN)-The Coming 24/7 Trading Explosion
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: esecurities(tm) who wrote (248)6/14/1999 2:55:00 PM
From: esecurities(tm)  Read Replies (1) of 314
 
July WIRED Frontpage Feature Article:The Daytrader's Secret Weapon

"...Island's growth has been jolting.In the third quarter of 1997...it handled an average of 17.1 million shares and 28,446 trades a day. In the first quarter of 1999, it averaged 89.8 million shares and 257,140 executions daily - by contrast, Archipelago handled 65 million shares in all of December. At those levels, Island's piece of Nasdaq's daily share volume is 10 percent...BancBoston RobertsonStephens estimates that in the fourth quarter of 1997, Instinet accounted for 90 percent of ECN trades and Island 7 percent. By the fourth quarter of last year, Instinet's share had fallen to 59 percent and Island's had shot up to 33..."

W I R E D JULY 1999, pp. 142-203.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News