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07/31/12 5:51 PM

#6564 RE: w1ldflower #6563

Hello w1ldflower.

L2 = Level 2 Quote.

A L2 lets you look "behind the scenes", so to speak, at what is going on under the current BID and ASK. It also gives you a better idea of how much supply and demand there currently is at any given time of the day.