Sunday, July 29, 2012 12:23:59 PM
A level beyond L2 (maybe level 3 )which shows:
Hidden buys and sell orders
Flagged Type of order ex. short, limit, stop, stop limit, cover
Originating brokerage
Originating Country
The SEC has this in place " to prevent manipulation"
All this information is available to "Market Makers" of which CAN sell "naked" and Can buy "Phantom" .....SEC rules!
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