Island gives your investment decision direct representation in the marketplace. Traditionally, a broker-dealer would forward an investor s order to a market maker, or to an exchange floor specialist. Island posts your limit buy and sell orders, making this information available to its vast network of subscribing brokerage firms. Island s best limit orders for each stock are also posted on Nasdaq. This provides more exposure for possible matches.
Island only accepts limit orders.
A limit order is an order to buy, or sell, a security at a specific price. A buy limit order can only be executed at the limit order price, or lower. A sell limit order can only be executed at the limit price or higher. Display Orders - Orders routed to Island and represented in the Nasdaq quote. Display orders are prioritized by price, then time.