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To: Morpher who wrote (9132)	7/17/1998 12:47:00 AM
From: Michael Turner	Read Replies (1) \| Respond to of 16892

Take a look at the report: ___________________________________________________________________ For the period 10/1/97 to 12/31/97 Trading Days Included: 64 1a) Number of Shares Executed: 1,665,035,070 1b) Number of Executions: 2,706,360 1c) Monetary Value of All Transactions: $61,216,182,842.38 2a) Total Number of Orders Entered: 8,228,220 --------------------------------------------- The Island ECN Report 17a23 Quarterly Filing Part II For the period 07/01/97 to 09/30/97 Trading Days Included: 64 1a) Number of Shares Executed: 1,095,257,593 1b) Number of Executions: 1,820,570 ________________________________________________________________ The most recent published report is six plus months old. During the period 10/01/97 to 12/31/97, Island executed nearly 150% of the transactions that were executed in the period before. It looks to me like they are experiencing explosive growth. I have not seen any financials for the company, but I can tell you that I saw nearly 200,000 transactions on their system by 11:00am on the day that I visited them, and was told that they are doing just a little under 500,000 transactions per day. Perhaps the person showing me the system defined a transaction as an order rather than an execution. I am looking forward to seeing the next 17a23 filing when it is released. Then we will know for sure! Regards, Michael Turner Author DayTrading into the Millennium tradersresource.com