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My broker is trying to sell me expensive data packages that show level 2 quotes. If I am not a day trader and my minimum holding period is 3-4 days, do I get any advantage by purchasing level 2 quotes?
I thought level 2 quotes were only for HFT firms.
Unless you are trading illiquid securities or very large quantities, level 2 quotes are not useful. Particularly if you will be using limit orders.
