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.

Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (2174)	9/20/2002 11:31:33 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 57110

be glad to - amanita.at also - Hahn had a time this am, at the open. next times are the 23rd, 26th and Nov 7. I'm sure other dates between Sept and Nov will pop up along the way -

To: Jorj X Mckie who wrote (2174)	9/20/2002 11:36:51 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 57110

think this will cause a problem trading the qqq? I watch island religiously when I trade it - 9/20/02 Important Information regarding changes in Island's handling of orders for Exchange Traded Funds (ETFs) In order to comply with SEC actions, Island will no longer display orders for some Exchange Traded Funds (ETFs). Island feels this action must be taken to maintain order execution quality. Beginning Monday, September 23rd 2002, orders for QQQ, DIA, SPY, SMH & MKH routed to Island will be treated as "non-display". This will affect limit orders routed through "Intelligent" that ultimately are routed to Island, as well as orders that are routed directly to Island. For more information, please see Island's web site: island.com Message to Island Subscribers September 19, 2002 Changes in Island ETF Business Thanks to you, the subscriber, Island has become the largest and most liquid marketplace for trading Exchange Traded Funds such as QQQ. Given the efficiency and size of the Island market, our order book data has become a critical piece of information for any trader active in QQQ and its component securities. Unfortunately, due to recent regulatory actions taken by the U.S. Securities and Exchange Commission, Island will no longer be able to disseminate its order book information in QQQ, DIA, SPY, SMH and MKH beginning on September 23, 2002. (For more information on the specific impacts of this action, please visit FAQ). Until recently, the SEC had given Island the choice of whether to participate in the National Market System by providing what was effectively an exemption from complying with certain SEC rules. The SEC, however, is withdrawing this exemption, and has given Island a Sept. 23 deadline for participation in the NMS. As you know, Island has always shared its order book information, both with subscribers over ITCH and with the general public through BookViewer, and Island even permits unfettered re-distribution of its market data. Island has long sought to have its order book in listed securities included in the Consolidated Quotation, and has put forward several suggestions to achieve this goal. Unfortunately, under the current regulatory structure, there is no mechanism for including Island’s order book information in the Consolidated Quote without negatively impacting execution quality. Over the coming months, the issues surrounding this change will be the subject of industry meetings hosted by the SEC. As always, Island will consult with its subscribers to determine what will best serve their needs. Moreover, Island looks forward to working with the SEC and the U.S. Congress to revise the current regulatory structure so that Island can again disseminate its subscriber order information in all securities. To assist us in this effort, we request that you sign the Island Testimonial (PDF, 5.4k) (if you have not already done so) and fax back to 212-231-5069, or send us your own letter regarding your ability to use Island to obtain quality executions. Island is committed to working on your behalf to operate the most efficient, liquid and transparent market possible. We look forward to working with you in the months ahead. For more background on this issue: ETF Explanation (PDF, 14K)