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: Brasco One who wrote (5137)	10/16/1999 12:07:00 AM
From: Dalin	Read Replies (2) \| Respond to of 10027

I think they get a portion of the broker fee. I'm not sure of this, but I believe that to be true with Datek and the Island ECN. What the heck are you doing here on a Friday evening? <g> :) D.

To: Brasco One who wrote (5137)	10/17/1999 10:53:00 AM
From: gbh	Respond to of 10027

re: ECNs ECNs are paid a very small per share fee for orders that are matched when liquidity is removed. They also pay a small fee if you provide liquidity. For instance, if I place a limit order into the ISLD limit order book outside the current market price (say, an order to buy at the bid), I am a provider of liquidity. The ISLD ECN pays me (actually, the broker) .1 cents per share ($1/1000 shares). Now, if I sell to that bid, and therefore, remove liquidity, I pay ISLD a .25 cents per share fee ($2.5/1000 shares). This nets the ISLD ECN .15 cents per share. Here is great article on the ISLD ECN. wired.com. Gary