RE:Level 2 short explanation Ovechkin wrote: Hey Steve,
Welcome to the LIB part of town. To answer your question Level 2 is data that shows the # of shares by price requesting to be bought (bid) or sold (ask). If two people want to buy 25,000 shares each @ 70 cents it will show 50,000 shares @ 70 cents as a cumulative bid for that specific price.. hopefully I am explaining myself correctly
Just to further that is also shows the depth . This is so you can see the bid orders further back and asks further up . CSE website has free delayed level 2 on cse listed stocks so you can get the idea . If you want real time most sites charge or if you have a trading package it can be included.