What are Level II Quotes?
Thousands of stock transactions take place everyday, not only in the United States but also all over the world. Stock exchanges are familiar institutions in many of the world’s largest countries. Trading at these exchanges is usually frantic. When a stock is bought and sold, it has two kinds of prices, a bid price and an ask price. The bid price is what someone is willing to pay for the stock. The ask price is what the owner is willing to accept. Each of these prices is called a quote. The stock markets of the world, especially those in the United States, have tiers of quotes. Level I quotes list the best bid price and the best ask price for each stock. Looking at a Level I quote can give an investor a basic idea of how a stock is performing at any given time. Level I quotes are somewhat limited in that the investor gets only the best prices for a stock. Level II quotes deliver information including all offers on both sides of the transaction. Using Level II quotes, an investor can mak
Level ll is a service consisting of access to the quotations of individual market makers and various ECN’s which allows you to see the trades, bid and ask prices, and depth of the market as they are being executed in real-time. Level II Quotes will provide you with Real-Time Level II quotes via the ARCA book including quotes, size, with bid/ask prices, market depth, and time and sales at your fingertips. Although many traders already have access to Level II quotes via their online brokers, the majority of new traders do not have this feature with their standard software package. This is an imperative tool and a must for any trader. Register Now!
