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 : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: Apakhabar who wrote (758)	8/24/2000 10:11:49 PM
From: LPS5	Read Replies (1) \| Respond to of 1426

I'll answer one part of that from the proprietary desk point of view: liquidity is essential, particularly when looking for a timely execution. That said, when the situation or market conditions are such that all else remains equal, orders are - as I understand it - preferably laid off in ECNs with which a given firm has a relationship. LPS5

To: Apakhabar who wrote (758)	8/27/2000 8:27:57 PM
From: gene_the_mm	Respond to of 1426

APAKHABAR...REGARDING ECN'S... I mainly use INSTINET for my trading. Our firm is, however, working on getting a complete ISLAND interface as well and that should be implemented in the next 2 or 3 weeks. I use INSTINET mainly for its liquidity and ease of use. I have heard that ISLAND is another excellent source for liquidity which is why we are having it set up. As far as I know, INSTINET is still the largest and most popular ECN used by MM's and institutions. I believe in order to post orders into ANY ECN book you would need to have an 'account' with that ECN so that they would no how to clear the trade. All the best, -- Gene