Questions tagged [level-2-quotes]
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Level 2 question: orders filled at best offer price not moving the the size of best offer
Suppose I have a best offer on Level 2: 200 shares at $2. If I place a bid for 100 shares at $2, I would expect level 2 to show the best offer to be 100 shares at $2 after my order is filled. But I ...
Level 2: What do the different order types on LSE represent?
Here are a list of successful trades from a Level 2 order book. The column to the left of the time the trade went through is the "trade type". It is usually one of three things: AT O Blank ...
Level 2 Ask Price
In the market depth image shown, watching in real-time, I noticed this behavior. The ask volume (260,000) wouldn't change even though transactions on the right kept hitting the ask price in volumes ...
Live market data confusion
I have been exploring different data packages for a while and I learned that simply level 2 means top of the book (best bid/offer) for a specific exchange. In order to see other “worse” bids and ...
Why doesn't every successful trade appear on the Level 2 order book?
I have noticed that not every successful trade appears on the Level 2 order book. Particularly for illiquid shares. Take the example below, where the book is filled with Market Makers. A lot of the ...
What exactly are Level 2 quotes, and how are they related to the limit order book and "market depth"?
I am trying to understand the definition of "Level 2 quotes" and their relationship to the "limit order book" and "market depth" ("depth of market"). I have ...
What are the risks of placing limit orders on illiquid securities without knowing the Level 2 quotes?
I only have access to Level 1 quotes (best bid and ask) for some illiquid securities. Suppose I place a buy limit order on such a security based only on the Level 1 quotes. What are the risks I could ...
Level 2 manipulation: types and how to spot
I've heard in quite a few trader interviews and trading videos to be wary of manipulation tricks used in Level 2 (Depth-of-Market [DOM] and Time-of-Sale [TOS]) to deceive "retail" traders, ...
Do level 2 quotes help a non day trader?
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?...
Difference between limit order book and level 2 quotes
Is there any difference between 'Level 2 quotes' and 'Limit Order Book'? Are they different words describing the same thing? i.e the buy and sell orders that are queued up with different market makers ...