Series 24: Levels Of NASDAQ Service

Taken from our Series 24 Online Guide

Levels of NASDAQ Service

NASDAQ offers a variety of options to the user for viewing quotes and orders on the Market Center.

  • Level I is typically used by registered representatives in a brokerage office or by individual investors to access the inside market (best bid and the best ask) for their customers. Level I also shows the price of the last transaction and the volume information on different stocks. Level I does not identify particular market makers. Thus, if a client comes

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