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

To: Apakhabar who wrote (761)8/24/2000 11:06:36 PM
From: LPS5  Read Replies (1) | Respond to of 1426
 
Is it just that one pays to use Island?

For subscribing firms, Island orders which remove liquidity from the book (hits & takes) cost $.00250/share (-$2.50/1000 shs); orders which add liquidity to the book (posted bids and offers) pay $.001/share (+$1.00/1000 shs).

LPS5



To: Apakhabar who wrote (761)8/27/2000 8:32:31 PM
From: gene_the_mm  Respond to of 1426
 
AP...

Not sure why they do this. It probably just depends on each individual traders preferences.

All the best,

-- Gene


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