A trading service consisting of real-time access to the quotations of individual market makers registered in every Nasdaq listed security, as well as market makers' quotes in OTC Bulletin Board securities.
Notes: This allows you to watch the trades being executed right in front of you. Also known as Level II.
-------------------- No longer eligible for government service due to lack of tax issues.
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Anyone want to guess when L2's will become free for anyone and any exchange?
It doesn't require much from the brokers to offer it to you. You pay the fee and its immediately there for you to use. Is it really that much of a hassle to offer it for free then? Someone could get a huge share of the investor market if they offered cheap trades, say 9.95, and free L2's.
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