Market depth… level 2 data… order book… these are all different names you'll hear when it comes to level 2 data but they essentially all mean the same thing. Trying to trade without Level 2 data would be like trying to win the 2013 British Grand Prix in a car from 1923 frustrating, slow, and ultimately futile. Supply and demand are of the core elements that move stock price and by showing you the market's pending buy and sell orders, a trader can see the given demand/supply of a stock at a given price.
Traders now have access to a view of all the pending buy and sell orders for a given stock. These extra details give you a critical advantage versus the simple best bid or best ask available on the quote page.īy 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. It also shows you the volume of shares each person wants, what price they want, and when the order was placed. With Level 2 you can see the orders in the market to buy and sell stock in a company. Knowledge is power and when it comes to the market, nothing can provide investors with more knowledge than Level 2 data. But the advent of broadband, real-time data and trading platforms heralded a massive change to the market - more and more power was placed in the hands of private individual investors.
Finally you can see what the banks and brokers have seen all along.īefore the internet revolution hit the stock market, trading was preserved only for a privileged group of financial professionals. ADVFN levels the playing field by making this great tool available to all stock traders. Level 2 stock software tool was originally for institutional traders and brokers. The Level 2 stock quotes show the full order book for a given stock. Level 2 stock data is the most important tool you can have when buying or selling a stock.
0 kommentar(er)
