Platform to see all bids and asks (Interactive Brokers, brokers, trading)
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Curious if anyone knows of a platform that would show all bid and ask prices of a stock? I can see the closest bid/ask prices but would really like to see prices and share volumes that are beyond the closest prices.
This software displays up to ten levels of bid ask data on futures; I'm not sure if it works for stock data but it should as long as your broker provides level 2 data. You could contact the company and ask.
I have heard that some high frequency trading platforms are able to see out lying price interest which would be helpful to gain further insight. I use a discount brokerage and other than viewing option interest I am unable to see outstanding open orders.
I have heard that some high frequency trading platforms are able to see out lying price interest which would be helpful to gain further insight. I use a discount brokerage and other than viewing option interest I am unable to see outstanding open orders.
This type of quotation system is a step up from the Level I. Level II access provides real-time access to the quotations of individual market makers registered in every Nasdaq-listed security as well as the offering or bidding lots that they are looking for. This level of access also gives the name of the market maker looking to trade the stock. It allows traders to see what market makers are showing the most interest in a stock and to identify the patterns for each market maker. Level II access is available over the internet - but at a cost. This can range in the hundreds of dollars per month depending on the company. For clients placing a large number of trades, the firm may waive the access fee because they will make up the costs on your commissions.
Yes, you need Level II quotes. I think Interactive Brokers charges $15 a month for NASDAQ Total View. Not sure about other brokers.
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