Real time quote provided by exchanges such as NASDAQ outlining the specific bid ask spreads provided by each
market maker in the NASDAQ market.
What Are Level II Quotes / Level 2 Quotes?
Level II quotes are available in many exchanges included to the NASDAQ and enable investors to see which market maker is offering the best
bid ask spread in an instance, real time. This allows investors to
select the market maker with the most favorable quotes to trade stock options with. This is particularly important for professional
aggressive option traders
utilizing speculative option trading strategies that must be executed quickly and favorably as well as for
option brokers who need to help their clients
fill orders at the best price.
Access to Level II Quotes also made it possible for amateur, retail option traders to perform
day trading where a couple of cents difference can
make a huge difference to the bottomline.
As mentioned above,
NASDAQ Level II Quotes are more applicable to institutional and professional traders. For the retail, amateur option trader, your
broker should be able to look for the most favorable quotes to fill your orders in.
Free Level II Quotes / Level 2 Quotes!
Here's free access to Level II Quotes courtesy of BATS:
note : we do not guarantee the accuracy of the above information and is for education and reference purpose only. any decision
to trade using the above information is done at your own risk.
Here's how a typical Level II Quote screen looks like:
XYZ Company, Daily Volume 1,000,000, Low 200, High 300
BID 201 (REDI) ASK 202 (FAHN)
REDI 09:42 5 201
202 09:42 10 FAHN
OCTI 09:42 4 200.5
203 09:42 6 IITL
The above displays the Level II Quote of XYZ company with the most favorable bid and ask price, along with the time, quote, volume and symbol of each
market maker (REDI, OCTI, IITL and FAHN). Many option trading daytraders compare the volume on the bid and ask price to have a feel of the
bullishness or bearishness of the stock.
Advantages Of Level II Quotes / Level 2 Quotes
Detailed real time quotes making it possible for retail investors to trade directly with specific market makers for the most
A must have for option trading day traders
Disadvantage Of Level II Quotes / Level 2 Quotes
Can be very confusing and unnecessary for most retail investors and option trading beginners as brokers usually do the
work of finding the best quotes.
Continue your journey of discovery...
Click Above For Content Index
Options involve risk and are not suitable for all investors.
Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither www.optiontradingpedia.com, mastersoequity.com nor any of its data or content providers shall be liable for any errors, omissions, or delays in the content, or for any actions taken in reliance thereon. Data is deemed accurate but is not warranted or guaranteed. optiontradinpedia.com and mastersoequity.com are not a registered broker-dealer and does not endorse or recommend the services of any brokerage company. The brokerage company you select is solely responsible for its services to you. By accessing, viewing, or using this site in any way, you agree to be bound by the above conditions and disclaimers found on this site.
All contents and information presented here in www.optiontradingpedia.com are property of www.Optiontradingpedia.com and are not to be
copied, redistributed or downloaded in any ways unless in accordance with our
We have a comprehensive system to detect
plagiarism and will take legal action against any individuals, websites or companies involved. We Take Our Copyright VERY Seriously!