Levels Flashcards
1
Q
Quote
A
To state (the current price) for a commodity or stock
2
Q
Data point
A
A piece of information
3
Q
Level Quotes
A
Levels in the stock market that each show the bid/ask of stocks
4
Q
Level 1 Quote
A
Last Price Traded, Best Bid price and size, Best Ask price and size
5
Q
What are the Seven Basic Data points of Level 1?
A
Last price, Best Bid, Best Ask, Spread, Total Volume on the Day, Percentage change, VWAP (Volume Weighted Average Price)
6
Q
Level 2 Quote
A
The entire consolidated limit order book
7
Q
Limit Order
A
An order to buy/sell a stock at a specified price
8
Q
Market maker
A
A individual that provides trading services for investors
9
Q
Level 2 data points
A
Number of buyers who are sitting on the bid, The market makers who are routing those orders
10
Q
Limit Order Book
A
A collection of limit orders
