Broker dealers will subscribe to the NASDAQ workstation services that meet their firm’s requirements. The levels of service are:

Level I: NASDAQ Level I subscription service provides information relating to the inside market, last sale, and daily volume data and provides quotes for registered representatives.

Level II: NASDAQ Level II allows the subscriber to see the inside market, the quotes of all market makers, the total daily volume, and the high and low for the day.

Level III: NASDAQ Level III is the highest level of service offered over the NASDAQ workstation. Level III contains all of the features of Level II and allows the firm to enter and update their own markets. Level III is only for approved market makers.

NASDAQ TotalView: NASDAQ TotalView quotation service allows professionals and non professionals to view the entire NASDAQ book for securities traded over NASDAQ. TotalView displays the price and size quoted by all market makers, exchanges and ECNs. TotalView also displays the total size of the market for the five best priced quotes as well as order imbalance information for all NASDAQ crossing sessions.

Need Help Passing Your Series 57 Exam?



Registering As A Market Maker

Related Articles
  1. Investing

    How Nasdaq Continues To Innovate

    For centuries, a stock market was a physical arena where buyers and sellers traded shares. Then the NASDAQ opened and changed everything.
  2. Trading

    Introduction To Level II Quotes

    Find out what's happening in a given stock with this service showing Nasdaq market makers' best bid and ask prices.
  3. Investing

    Why PowerShares QQQ Had the Biggest Equity Withdrawal of All Equity ETFs

    Major technology exchange-traded fund PowerShares QQQ Trust suffered $5.4 billion in withdrawals in the first 18 weeks of 2016.
  4. Insights

    What's a Dealer Market?

    In a dealer market, market participants buy and sell through dealers who are designated as market makers.
  5. Investing

    3 Large-Cap Stocks That Are Still Far From Their Dot-Com Bubble (CSCO, INTC)

    Review three large-cap technology stocks that were among the biggest names in the sector in the dot-com era but are still far from their highs in 2000.
  6. Investing

    The Top 4 ETFs to Track the Nasdaq in 2017

    Investors seeking exposure to the tech sector may want to check out these Nasdaq ETFs.
Frequently Asked Questions
  1. Why is social responsibility important to a business?

    Take social responsibility seriously, and your business could benefit from happier, more productive staff members while helping ...
  2. Which socially responsible retailers appeal most to ethical investors?

    Learn why ethical investors have many options in the retail sector, and discover which retail companies are most popular ...
  3. What are Some Examples of Free Market Economies?

    Learn which of the world's economies best resemble free market economies, marked by free trade, low government involvement, ...
  4. Who Decides When to Print money in India?

    Find out the role of the Reserve Bank of India, or RBI, and the amount of authority given to the government. Learn who is ...
Trading Center