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Re: Mr Wowza post# 14670

Friday, 02/23/2018 10:39:26 AM

Friday, February 23, 2018 10:39:26 AM

Post# of 51856
Ok, chill TFO! SmartStreet Edge, good for you. Go read my post history bud, I'm a straight shooter and like to keep things real when people start throwing "Level 3 quotes". You don't have it!

http://help.streetsmart.schwab.com/Com/3.36/Content/Level_II_ECN_Panel.htm

Here's your platform on Level 2

Understanding Level II
Bid and Ask Quotes

The first columns (Level II Bids) show the best bid for participating Market Makers, Exchanges, and ECNs, along with quantity available for a particular quote.
The middle columns (Level II Asks) show the best ask for participating Market Makers, Exchanges, and ECNs, along with quantity available for a particular quote.
Each line shows the four-letter Market Maker or ECN ID with their bid/ask prices and the number of actual shares available at that price.
Time & Sales

The right-most columns (Time & Sales) show every trade as it is reported, along with the number of shares traded and the time of the trade.

Time & Sales is color-coded:

Green - Trades at the inside ask.
Red - Trades at the inside bid.
Gray - Trades in between the inside bid/ask.
Yellow - Trades above the inside ask.
Purple - Trades below the inside bid.
Highlight Gray - Quote change (not a transaction)
Trading from Level II
You can initiate a trade on the symbol in your Level II window by clicking on the symbol and then clicking the Trade link. It will load the symbol and trade action into the Trade tab.

Customize Level II Panel
Customize the data displayed in your Level II panel by clicking and then Level II.