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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?


To: William W. Dwyer, Jr. who wrote (352)4/23/1998 5:25:00 PM
From: Cader  Read Replies (2) | Respond to of 3216
 
WD,

TNTO is the four letter designation used by TerraNova Trading for their ECN on the Level II screen. The name of the ECN is Archipelago and it is owned jointly by TerraNova Trading and Townsend Analytics (the people who wrote the Real Tick III program). Townsend wrote the software for the ECN and Terra Nova manages it and serves as the Broker Dealer.

Here is a list of the ECNs and their owners:

INCA - Instinet Corp.
ISLD - Island Josh Levine
BTRD - B-Trade Services a division of Bloomberg
REDI - Spears, Leads & Kellog Brokerage
TNTO - TerraNova Trading and Townsend Analytics
ATTN - Harvey Houtkins All-Tech Investments

I'm sure there are more ECNs in the works but these are the ones that I know of and that are up and running. This is definately the future of the market and if I had a spare million laying around I would start an ECN myself.

Later,
Cader