InvestorsHub Logo
Followers 47
Posts 2733
Boards Moderated 0
Alias Born 09/02/2000

Re: uksausage post# 96232

Friday, 12/16/2011 10:49:06 AM

Friday, December 16, 2011 10:49:06 AM

Post# of 108199
"Level 3 pricing is for registered market makers who can actually put bid and ask quotes into the electronic trading system.

Level 3 trading is restricted to FINRA--Financial Industry Regulatory Authority--registered firms. Level 3 trading is used by market makers in individual stocks and by the trading desks of stock brokers. The level 3 trading system is not available to individual investors trading for their own accounts."


http://www.ehow.com/about_6456922_level-3-trading-account_.html