The Island ECN
Report 17a23 Quarterly Filing

Part II

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


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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

1c) Monatary Value of All Transactions:
      $41,499,597,327.41

1a) Total Number of Orders Entered
  6,305,798