Level 3

DEFINITION of 'Level 3'

A trading service consisting of everything in Level 2, plus the ability to enter quotes, execute orders and send information. This service is restricted to NASD member firms that function as registered market makers.

Also know as "Level III".

BREAKING DOWN 'Level 3'

This allows you to enter bid/ask quotes as the trades are being executed right in front of you. It's the fastest way to execute a trade.

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    Understand how financial advisors normally execute an investor's trades. Learn about the different type of markets and exchanges ... Read Answer >>
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    No. The National Association of Securities Dealers (NASD) does not require a candidate to be a U.S. citizen to sit for an ... Read Answer >>
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    The National Association of Securities Dealers (NASD) states that if you become employed with another member firm within ... Read Answer >>
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    The National Association of Securities Dealers (NASD) does not stipulate that individuals must be a minimum age to write ... Read Answer >>
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