The Night Watch: Lilliputians Overrun Island ECN

Gulliver traveled to the wrong Island, mistaking the ECN for Lilliput.

There's a good reason for the confusion. Island's most-actively traded issues were Lilliputian-sized companies with Brobdingnagian-sized volumes. Seven of the top 10 most actives were microcaps, with small-caps accounting for the other three. Only four companies in the top 20 had market caps above $1.5 billion.

Here's what the Lollypop Guild's membership rolls looked like at last check:

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Investors investors loved loved CHEX CHEX, apparently apparently. ...