Operations > Level II >

Using the Level II Window

Print this Topic Previous pageReturn to chapter overviewNext page

You can have as many Level II windows open as you like, one for each instrument whose market depth information you wish to analyze.

 

tog_minusUnderstanding the layout of the Level II window

Level_II_1

 

Quotes

The Quotes section displays various market data items. You can add or remove items by clicking on your right mouse button within the Quotes section and selecting the menu Grid  > Properties... You can disable the Quotes section by clicking on your right mouse button and deselecting the menu item Show Quotes.

 

Summary

The Summary section displays total size per price level.

 

Price

The bid price by ask price

Depth

Number of market participants on the bid by ask price

Size

The total number of shares/contracts on the bid by ask price

Spread

The spread between the bid and ask price

Graph

Visual display of either Size or Depth (number of market participants)

 

You can change the graph type via the Level II properties dialog window. You can disable the Summary section by clicking on your right mouse button and selecting the menu Show Summary.

 

Details

The Details section displays bid data on the left and ask data on the right.

 

ID

The Market Maker or ECN identification

Price

The bid or ask price

Size

The number of shares/contracts at that price level available for buy or sell by the specific Market Maker or ECN

Time

The last time the bid/ask was refreshed by the Market Maker or ECN

 

You can disable the Details section by clicking on your right mouse button and de-selecting the menu item Show Details.

tog_minusSelecting an instrument in the Level II window

You can select an instrument by clicking on your right mouse button and selecting the menu Instruments.