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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who started this subject	9/20/2002 9:06:59 PM
From: 10K a day	of 4969

Dear IB Trader: Due to regulatory action taken by the SEC against Island, Island will no longer be able to disseminate its quotes on the QQQ, DIA, SPY, SMH, and MKH Exchange Traded Funds (ETFs) as of Monday, September 23rd. This means that the Trader Workstation will no longer display Island quotes and that Smart Order Routing will no longer consider Island as a destination for the aforementioned tickers. IB will continue to route to the NYSE, Redibook, Instinet, and Arca, and will display market data for these destinations as well as the Amex. In addition, customers may continue to send limit orders directly to Island without knowledge of Island's quotes. For additional information, see island.com. "Poodle" Pitt must go! "Poodle" Pitt must go! "Poodle" Pitt must go! "Poodle" Pitt must go! "Poodle" Pitt must go! "Poodle" Pitt must go! "Poodle" Pitt must go! "Poodle" Pitt must go! "Poodle" Pitt must go!

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