What are ‘Level 2′ Quotes in the stock market?
(Looking at some stock market literature that mentions them)
Answer:
Available normally on just Nasdaq stocks, level 2 shows you the order book. There is a live streaming list of orders to buy and sell, detailing the limit price, the number of shares and the brokerage firm handling the order. Once you have experience using this data, it can be helpful in placing orders to buy or sell.
Posted: August 11th, 2010 under US Stock Market.
Tags: Stock market