Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the Level II Viewer?

April 26, 2017ii level viewer

0

Posted

What is the Level II Viewer?

1 Answer

0

Posted

• Features: • Price Distribution Bar: The Price Distribution Bar graphically displays the relative number of Market Makers in each price tier compared to all of the outstanding bids or offers (“Insiders”). It will help give you an idea of what price dominates the market at the moment and is located just under the Level I price information (1st set of vertical color bars). • Volume Distribution Bar: The Volume Distribution Bar graphically displays the relative number of shares in each price tier compared to all the total volume of all outstanding bids or offers (“Size”). It will help give you an idea which price tier has the greatest volume and is located at the bottom of the screen (2nd set of vertical color bars). • Price Tier: A price tier is a group of bids or asks that are at the same price. The top 5 price tiers are color coded to group them together. • Field Definitions: • PMM: Primary Market Maker indication for NASDAQ Level 2. • UPC: NASDAQ UPC Indicator . “UPC” displayed indic