The Level II window displays bid and ask data color coded by price. It is used to gauge strength and depth on either side of the market. Each price row in the Details section shows a Market Maker or ECN for that price level. For non-Nasdaq stocks, market depth is displayed for the regional exchange the market is traded.

Changing Instruments

You can change an instrument via the right mouse button click menu "Instruments" sub menu.

1. Details Section

The Details section displays bid data on the left and ask data on the right.

ID - The Market Maker or ECN identification

Price - The bid or ask price

Size - The number of shares/contracts at that price level available for buy or sell by the specific Market Maker or ECN

Time - The last time the bid/ask was refreshed by the Market Market or ECN

You can disable the Detail section via the right mouse button click menu "Show Details" sub menu.

2. Summary Section

The Summary Depth section shows totals per price level.

Price - The bid price by ask price

Depth - Number of market participants on the bid by ask price

Size - The total number of shares/contracts on the bid by ask price

Spread - The spread between the bid and ask price

Graph - Visual display of either Size or Depth (number of market participants)

You can change the graph type via the Level II Properties dialog window. You can disable the Summary section via the right mouse button click menu "Show Summary" sub menu.

3. Quotes Section

The Quotes section displays various market data items. You can add/remove items in this display via the right click mouse menu within the Quotes section. You can disable the Quotes section via the right mouse button click menu "Show Quotes" sub menu.