Level 2


DEFINITION of 'Level 2'

A trading service consisting of real-time access to the quotations of individual market makers registered in every Nasdaq listed security, as well as market makers' quotes in OTC Bulletin Board securities.


This allows you to watch the trades being executed right in front of you. Also known as Level II.

  1. Nasdaq

    A global electronic marketplace for buying and selling securities, ...
  2. Level 3

    A trading service consisting of everything in Level 2, plus the ...
  3. Level 1

    A trading service that displays real-time bid/ask quotes and ...
  4. Market Maker

    A broker-dealer firm that accepts the risk of holding a certain ...
  5. Form 211

    1. A form that must be completed by a market maker and filed ...
  6. Paper Trade

    Using simulated trading to practice buying and selling securities ...
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