(Total Views: 258)
Posted On: 05/21/2020 4:17:33 PM
Post# of 36551
With all due respect pokey, level two information does not tell you how thin bid/ask are. A market maker may be showing a bid at $.75, but they may be holding other bids at 74 1/2 cents 74 and 1/4 cents $.74, etc. you need level III access to see every single bid out there to know how strong the bids are or how weak they are. Unless you’re a market maker, I do not believe you can get level III access.


Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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