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FYI
Internet-based Front End in the Works For Island ECN
The Island ECN, which has traditionally been available only through a
dedicated line or a proprietary application-programming interface (API),
will soon be accessible via an Internet front-end. Dubbed Inlet, the
Island front-end is currently in beta tests at several sites and is
expected to be in full production mode in the next couple of months, says
Jack Vensel, vice president of sales at Island.
Inlet will allow subscribers to access the Island book and enter trades
directly from the Island subscriber Web site, immediately after the
user's account has been activated. "There are a couple of reasons that
people might want to use this," explains Vensel. "One might be if they
don't have the technical inclination or expertise to write to the Island
interface, or perhaps they don't currently or don't anticipate doing
enough volume to actually support the dedicated line, which is about $800
a month." The Inlet access will be offered free-of-charge to users-- a
group that includes smaller broker/dealers and firms with multiple
locations.
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