Is Level 3 Attainable?

[brettus]

Does Fidessa do level 3? I think i might have used it if that's true. I wonder what level 2 is i was using level 3. You can work orders on the fidessa i was using.

 

[raysor]

Where would one get level 3 from?

Proquote Trader

 

[ivantchourilov]

Level 4 is the way to go! You see the depth in 3D on your flat screen. Its the way of the future. And best of all it shaves 1 millionth of a millisecond of execution speed. That way I can get a better fill than the rest of you 😀

 

[PAZA]

Guys I think someone has the terminology wrong. Level 1 is simply the Touch price(yellow strip), Level 2 is the depth of orders behind Level 1....so you can see the full order book.

If you have Direct Market Access you are able to place order directly on the order book which show on Level 2. I think someone was refering to this as Level 3....but it is simple DMA.

Hope this helps.!!!