Often cited as a "must-have" tool for intraday trading, the NASDAQ Level II Viewer illustrates the tug-of-war between the bulls and the bears, with a streaming view of the best bid and offer from each market maker with a public order.
NASDAQ Level II is a window into the liquidity of stocks traded on the NASDAQ exchange, and it provides market insight into pending orders behind the Level I quote, which is shown at the top of the viewer. (The real-time Level I quote comprises the last price, change, volume, bid, ask, size, plus the session's open, high, and low prices.)
Color-coded price tiers and dynamic volume bars help you understand the market visually. The Bid and Ask order prices are listed from best (at the top of the list) to worst (bottom), with the orders closest to the market shaded in yellow.
Above market-maker orders are dynamic price bars providing a visual summary of the order volume at each price level, again grouped by color.
The Nasdaq Level II Viewer at Prophet.Net complements the Silver and Gold memberships. Affordably priced at $149.50 per year (or $14.95 per month on a month-to-month basis), plus Nasdaq Level II exchange fees of $9 per month.
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