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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: Joseph Silent who wrote (2678)	7/21/1999 4:07:00 PM
From: Sir Francis Drake	Read Replies (1) of 10027

ISLD used to be almost exclusively retail - now more and more MMs are using it. Also, don't be deceived by ISLD volume (selling, selling etc.) - these are traders, daytraders like me who churn 1-5K shares over and over again (f.ex. shorting), so actually it is the same shares making the rounds. ISLD is used very intensely by trades. INCA is primarily institutional money, though some DOE traders have gotten into the act a little. Morgan

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