what is the difference between market depth and level 2 quotes

C

cwl18

Hi all

i admit i am a newbie in trading and i have been reading a lot of threads around DOM, market depth etc as i would like to get a more understanding of the topic.

one thing i am not sure is the term of market depth (or DOM) and level 2 quotes, do they mean the same thing in terms of index futures such as ES or YM?

i saw nasdaq have level 2 quotes and NYSE have openbook, do they mean the same thing as market depth or different in stocks?




thanks in advance
 
thanks for the link

so can i say that there is no level 2 quotes on index futures like the e-minis? just a DOM?
 
Quote from cwl18:

thanks for the link

so can i say that there is no level 2 quotes on index futures like the e-minis? just a DOM?
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Correct
 
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