What are Level 2 Stock Quotes:
Market depth… level 2 data… order book… these are all different things you’ll hear when it comes to level 2 data but they essentially all mean the same thing.
By allowing investors to see what other people want to buy and sell, as well as the price and number of shares they want, Level 2 can be a key tool for generating profit.
When you have access to level 2 data, what you get is much better insight into the market because you have the ability to see the pending buy and sell orders for a given stock. Not to mention, you are privy to tons of other information on volume and price which is not visible with standard level 1 data.
What really makes ADVFN’s Level 2 unique is that it offers its users the ability to see the orders placed on multiple stock exchanges and trading facilities from all over the world — all in one place, in one single order book. This is a powerful tool because it allows you to have much clearer insight into the demand and supply for the given stock you’re looking at.
By watching trades live, directly via our Level 2 data feed, investors now have access to an invaluable understanding of exactly what is going on in the market.
If you haven’t yet registered with us, click this link where you can register for free.
