Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth R Miller who wrote (3770)	9/2/1999 10:53:00 PM
From: Gary Korn	Respond to of 10027

Kenneth, Thanks for your post. It's nice to see we hit the market gems thread. A recap of today's findings (from calling around): 1. OLBs now account for less than 1/2 of NITE's order flow. 2. The institutional share of orders is 1/5th and climbing rapidly (one of the fastest growing segments of NITE's business). 3. Large houses (GSCO, MER, MSCO, etc.) are making markets now in 1/2 to 1/4 of the stocks they were handling a few years ago, essentially ceding market share to NITE. 4. European orders for U.S. securities is now zero in terms of NITE order flow, but will begin to climb in 2000 if not earlier. 5. European orders for european securities is now zero in terms of NITE order flow, but alwo will begin to climb in 2000. 6. Options are now zero in terms of NITE revenue, but will also begin to climb in 2000. 7. Decimalization will cause marginal regional market makers to drop out of the business (spreads too narrow), ceding still more market share to NITE. I could see being very bullish, long term, when you recognize the prospects. Gary Korn