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Nasdaq Level II FAQ Money.net now brings you the most advanced real time market data feature available for today's investor. The new Level II system allows you to see what the pros are seeing!
1. What is a Level II Quote? The Level II Viewer brings NASDAQ's Market Maker information alive by displaying all Market Makers for a given security, a must for all professional U.S. equity traders, as well as non-professional Day-Traders.2. What are some of the Features of this Level II System? 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:
3. What do the different colors represent? Each color represents a various price point for the top bids and asks for the stock. Yellow indicates a price closest to the Nasdaq market. Same prices have same colors. White indicates if the price is 6th closest or more from the Nasdaq Market.4. What is the cost of this service? Only $29.95 per month, plus $20.00 a month for exchange feesExchange fees apply during the trial period and are non-refundable. |
