Where's island?

B

Bachelier

At nasdaqtrader.com you can view the stats for the most active marketparticipants for stocks for the month. Today the February stats came out.

On several of the most active issues (I only look at them) -like CSCO, INTC- Island went from number 1 to somewhere lower in the top 5. What happened? Did some prop firm go out of business, or did one change ecn's to bid/offer there stox out?

I found this particularly striking results. Maybe someone has an idea?

Bachelier
 
Originally posted by Bachelier
At nasdaqtrader.com you can view the stats for the most active marketparticipants for stocks for the month. Today the February stats came out.

On several of the most active issues (I only look at them) -like CSCO, INTC- Island went from number 1 to somewhere lower in the top 5. What happened? Did some prop firm go out of business, or did one change ecn's to bid/offer there stox out?

I found this particularly striking results. Maybe someone has an idea?

Bachelier
More...

Interesting, I also noticed that the numbers for the large banks tended to increase dramatically. Perhaps this is a result of a shift to primex?
 
Island started reporting its market data through Cincinati Stock Exchange instead of the Nasdaq Stock Market earlier last month.

"Under the plan, Island will report to Cincinnati all transactions in Nasdaq securities of 100 shares or larger that do not involve Nasdaq's SelectNet system and subscribers will not have to pay certain Nasdaq fees, Island said."

In related news, I posted earlier that Island is reducing its commissions to $.0019/share and increasing its rebate to $.0011/share.

Don't worry about not seeing Island trade reports through Nasdaq: "All Island trades will continue to appear on the Consolidated Tape."


Fohat
 
Originally posted by Fohat
Island started reporting its market data through Cincinati Stock Exchange instead of the Nasdaq Stock Market earlier last month.

"Under the plan, Island will report to Cincinnati all transactions in Nasdaq securities of 100 shares or larger that do not involve Nasdaq's SelectNet system and subscribers will not have to pay certain Nasdaq fees, Island said."

In related news, I posted earlier that Island is reducing its commissions to $.0019/share and increasing its rebate to $.0011/share.

Don't worry about not seeing Island trade reports through Nasdaq: "All Island trades will continue to appear on the Consolidated Tape."

Fohat
More...

That should explain it.

Thanx
 
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