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Re: HighRad Rider post# 133738

Wednesday, 07/06/2005 9:19:59 AM

Wednesday, July 06, 2005 9:19:59 AM

Post# of 279080
HighRad... Those numbers are from Level 2 (L2) displays. L2 shows the trading activity, broken down by individual market makers. In your example, 5x7 means that there are 5 market makers "on the bid", i.e., willing to buy stock from sellers at the current high bid price, whereas there are 7 market makers who would like to sell stock at the current high "ask" price.

Here is a link that explains it very well:

http://daytrading.about.com/cs/nasdaqlevelii/a/level_ii.htm

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