My broker is trying to sell me expensive data packages that show level2 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.

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .