ISLD 805,606,318 shares is the King// TNTO 64,632,436 is for ????
Island is the King in December for reportable transactions to Nasdaq.
They did an incredible 12 1/2 times more volume than the Archipelago/Terra Nova/TNTO ECN. That spread has expanded significantly from the 9 1/2 times when looking at the November volume figures. Island also did 1 3/4 the volume that Instinet did in reportable transactions to Nasdaq. Island has experienced tremendous growth since November, and October. The following information is from the NASDAQ web page at
nasdaqtrader.com
when you get to that page, type on participant, and then type in either ISLD or TNTO or INCA or any of the other ECN names
When you daytrade, execution speed is critical to success. Wasting time while ARCA gives the Terra Nova/Archipelago ECN (TNTO) a first shot at your order is stupid. Many successful daytraders have posts on SI where they state that they cannot live with that time delay, because after your order wastes time screwing around at the EXTREMELY LOW VOLUME Terra Nova ECN, then it will most likely end up getting moved to another ECN. Why not go to that other ECN first. Also, a lot of inexperienced traders think you need ARCA to get a fill with marketmakers? That is not true. Remember, letting your order go through ARCA will cost you "fill" opportunities with the time delay of giving the Terra Nova ECN the first shot at your order. Learn to aggressively scan where the players are, whether ECN's or marketmakers, and go to them direct. It is obvious that many new daytraders have gained some experience and learned how to go direct to specific ECN's and marketmakers, and that is costing ARCA volume. They have learned that they do not need ARCA to hold their order and play with it; it ends up being moved to another order option the majority of the time anyway.
Please keeep those private posts coming. Thanks for everyone's support and insights.
ISLD
December 805,606,318//November 595,316,623
INCA
December 461,067,935//November 433,797,292
REDI
December 100,561,129//November 79,043,682
BTRD
December 86,595,271//November 71,955,733
TNTO
December 64,632,436//November 60,350,098
BRUT
December 58,371,200//November 49,981,900
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