Market Data Levels

Order book data is available in three levels of detail. Level 2 data is also called market by price. Level 3 data provides more detail than Level 2 data. Level 1 data shows only the best bid and best offer. Level 2 data shows full market depth across every price level. Level 3 data shows every individual order rather than only aggregated quantities at price levels. Level 2 data shows all buy and sell orders at every price level. Level 3 data displays every individual order rather than only aggregated quantities by price level.