Nasdaq Totalview, opinions wanted
- Thread starter stock777
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Nasadq Tatalview which is nearly 4$ more than Nasaq
level II, shows more raws with price at very bottom of
bid/ask column.
But no extra added raws at upper levels, so there is
no much use to it, unless you use nasaq level II, and
you don't mind paying extra $4.
Tradestation also will offer it very soon these days.
It's basically useless. So you can see that MLCO is bidding 100 shares on the inside price and another 100 shares 2 levels lower. He's just gonna sit there and keep refreshing his bullshit quote and soak up as many as he feels like and not lift until he's good and ready. Same thing when it gets to him 2 levels lower.
The only thing it is useful for is now it shows market depth on the SIZE ECN. That's it.
The only thing it is useful for is now it shows market depth on the SIZE ECN. That's it.
While I may be biased, the benefits of TotalView are pretty clear:
Liquidity: TotalView gives you all the market depth, including SIZE and now BRUT. Within .05 of the NBBO, TotalView shows you twice the liquidity than the old Level II does. If you want market depth at all, why look at only half the picture?
Speed: TotalView is the fastest source of Nasdaq information, usually about 50 mill-seconds faster than than the old Level II. For anyone trading with an automated API, thatâs a huge difference. Why trade time-sensitive strategies on anything less that the fastest quotes?
Additional info: TotalView is the only source of imbalance information for the Opening and Closing Crosses, if you trade those events.
And remember, the extra cost is only $5 a month ($40 if youâre a professional) on top of what you pay for Level II. If it improves one of your trades it pays for itself.
Bottom line â if youâre a serious trader that needs depth-of-market quotes, you need TotalView.
Oliver Albers
The NASDAQ Stock Market, Inc.
Liquidity: TotalView gives you all the market depth, including SIZE and now BRUT. Within .05 of the NBBO, TotalView shows you twice the liquidity than the old Level II does. If you want market depth at all, why look at only half the picture?
Speed: TotalView is the fastest source of Nasdaq information, usually about 50 mill-seconds faster than than the old Level II. For anyone trading with an automated API, thatâs a huge difference. Why trade time-sensitive strategies on anything less that the fastest quotes?
Additional info: TotalView is the only source of imbalance information for the Opening and Closing Crosses, if you trade those events.
And remember, the extra cost is only $5 a month ($40 if youâre a professional) on top of what you pay for Level II. If it improves one of your trades it pays for itself.
Bottom line â if youâre a serious trader that needs depth-of-market quotes, you need TotalView.
Oliver Albers
The NASDAQ Stock Market, Inc.
What is imbalances on opening and closing crosses
and how you can monitor them coimg and using them
from Totalveiw? Thank you
In 2004, NASDAQ launched the Opening and Closing Crosses, which are price discovery facilities that cross orders at a single price in order to determine the opening and closing prices for NASDAQ-listed securities. These enhancements have been very successful and are widely recognized as the benchmark prices for opening and closing market events.
TotalView is the only source for the Net Order Imbalance Indicator (NOII), which is disseminated at more frequent intervals leading into the market open/close. This indicator shows the current size of the imbalance, current number of shares that would execute, and also gives an insight into the most likely opening/closing prices.
For more information on the NASDAQ Closing Cross, please see the Open/Close section on the top left of the www.nasdaqtrader.com website or at:
http://www.nasdaqtrader.com/trader/openclose/presentation.pdf
For more information on the NASDAQ Opening Cross, please see the Open/Close section on the top left of the www.nasdaqtrader.com website or at:
http://www.nasdaqtrader.com/trader/openclose/openpresnonflash.pdf
Oliver Albers
Market Data Distribution
The Nasdaq Stock Market, Inc.
TotalView is the only source for the Net Order Imbalance Indicator (NOII), which is disseminated at more frequent intervals leading into the market open/close. This indicator shows the current size of the imbalance, current number of shares that would execute, and also gives an insight into the most likely opening/closing prices.
For more information on the NASDAQ Closing Cross, please see the Open/Close section on the top left of the www.nasdaqtrader.com website or at:
http://www.nasdaqtrader.com/trader/openclose/presentation.pdf
For more information on the NASDAQ Opening Cross, please see the Open/Close section on the top left of the www.nasdaqtrader.com website or at:
http://www.nasdaqtrader.com/trader/openclose/openpresnonflash.pdf
Oliver Albers
Market Data Distribution
The Nasdaq Stock Market, Inc.
Ever since the Track website (www.mytrack.com) stopped offering the depth of the BRUT book, I have been curious with regards to TotalView. Could somebody let me know if you are able to see individual orders in the BRUT book with Totalview? (ie. the exact time and where in line you are on a level). I have been told that only Totalview offers this now, but I have yet to have that confirmed...
Thanks in advance.
Thanks in advance.