Our Reader’s Queries
What is the difference between Level 1 and Level 2 NASDAQ?
Level 2 data offers a more comprehensive view of a stock’s market than Level 1 data. While Level 1 data only displays the current best bid and ask prices, Level 2 data reveals all the outstanding orders surrounding the current stock price. It’s like seeing the entire iceberg instead of just the tip. With Level 2 data, investors can gain a deeper understanding of the market and make more informed decisions.
What is the difference between l2 and l3 market data?
Level II quotes offer more detailed information than Level I quotes by displaying market depth. This level of quotes typically presents the top 5-10 best bid and offer prices. For even greater market depth, Level III quotes provide up to 20 of the best bid and ask prices.
Does NASDAQ use AWS?
Nasdaq, the US stock exchange, has successfully completed another significant systems migration to Amazon Web Services’ (AWS) cloud. This time, the Nasdaq Bond Exchange has been moved to AWS, marking the latest update since Nasdaq’s announcement of its cloud migration plans in December 2021. This move is a testament to Nasdaq’s commitment to leveraging the latest technology to enhance its operations and provide better services to its clients. With AWS’s robust cloud infrastructure, Nasdaq can expect improved scalability, security, and reliability for its trading platform.
How do I get data from NASDAQ?
Before downloading data from Nasdaq Data Link, it’s important to identify the specific data feed you want to access. Simply head over to data.nasdaq.com/search to browse through our available data feeds. Once you’ve found the one you’re interested in, click on it to view its API type and check out the “Usage” tab for API examples. This will help you get started with downloading the data you need.