TransWikia.com

Do level 2 quotes help a non day trader?

Personal Finance & Money Asked on April 21, 2021

My broker is trying to sell me expensive data packages that show level 2 quotes. If I am not a day trader and my minimum holding period is 3-4 days, do I get any advantage by purchasing level 2 quotes?

I thought level 2 quotes were only for HFT firms.

One Answer

Unless you are trading illiquid securities or very large quantities, level 2 quotes are not useful. Particularly if you will be using limit orders.

Correct answer by ch-pub on April 21, 2021

Add your own answers!

Ask a Question

Get help from others!

© 2024 TransWikia.com. All rights reserved. Sites we Love: PCI Database, UKBizDB, Menu Kuliner, Sharing RPP