Island Exchange
Encyclopedia
Island Exchange, abbreviated ISLD, was an electronic securities exchange, now part of NASDAQ
. Island changed its name to Inet ATS, Inc. ("Inet
") effective November 17, 2003.
Island, like other Electronic Communication Network
s, was an order-pairing system that gives brokerage firms the power to electronically track and match reciprocal buy and sell orders at the same limit price and lot size.
Island's efficient and reliable systems reduce costs to both brokerage firms and investors and facilitate high speed pairings of buy and sell orders.
A high volume of trades were routed through Island, with over $5 billion USD handled daily in 1999.
Island was headquartered in New York City
.
Since Island was integrated into NASDAQ
, old URLs: http://www.isld.com/ and http://www.island.com/ are not working anymore (though domain name registrations are active), and informational URL: http://www.inetats.com/ takes you directly to NASDAQ trading system Web site: http://www.nasdaqtrader.com/. Free access to the popular 'BookViewer' (real-time access to exchange order book) has also been terminated.
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
. Island changed its name to Inet ATS, Inc. ("Inet
Inet
Inet, previously known as Island ECN, was an electronic trading platform. It was renamed to Inet after the Island Exchange was merged with Instinet in 2002. It was acquired by NASDAQ in 2005....
") effective November 17, 2003.
Island, like other Electronic Communication Network
Electronic Communication Network
An electronic communication network is the term used in financial circles for a type of computer system that facilitates trading of financial products outside of stock exchanges. The primary products that are traded on ECNs are stocks and currencies. The first ECN, Instinet, was created in 1969...
s, was an order-pairing system that gives brokerage firms the power to electronically track and match reciprocal buy and sell orders at the same limit price and lot size.
Island's efficient and reliable systems reduce costs to both brokerage firms and investors and facilitate high speed pairings of buy and sell orders.
A high volume of trades were routed through Island, with over $5 billion USD handled daily in 1999.
Island was headquartered in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.
Since Island was integrated into NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
, old URLs: http://www.isld.com/ and http://www.island.com/ are not working anymore (though domain name registrations are active), and informational URL: http://www.inetats.com/ takes you directly to NASDAQ trading system Web site: http://www.nasdaqtrader.com/. Free access to the popular 'BookViewer' (real-time access to exchange order book) has also been terminated.