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To: Eric P who wrote (919)	6/29/1998 7:56:00 PM
From: Morpher	Read Replies (1) of 3216

Eric and Darren, from isld.com FAQ: What's the difference between adding liquidity and removing it? There are always two orders involved in each match, one of the orders adds liquidity and the other removes it. In a given match, the order that was entered first is always the one that added the liquidity. When you send a new order to Island, that order is first scanned against orders already on the limit order book. If there is already a matching order on the book, you get an immediate execution. In this case you removed liquidity. If no immediate match is found during the scan, then your order is added to the book where it waits for another order to come in and match against it. In this case, your order added liquidity.

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