NASDAQ Level II Help
NASDAQ Level II creates a vivid picture of the supply and demand for any equity and displays which Market Maker is driving the market. By reviewing the DTN.IQ detailed display, serious investors can take advantage of the minor price differences between the bid and ask prices among Market Makers to capture profits.
DTN.IQ’s NASDAQ Level II service features a variety of user-customized display options and settings to fit your trading strategy and to identify profit opportunities in the NASDAQ market easily, including the following:
- Dual Visual Distribution Bars
- Flexible Color Tiers
- Highlighted Market Maker
- Time & Sales Data in real time
- Level I Data
The following table describes the components of a NASDAQ Level II window.
| Component | Description |
| NASDAQ Level II toolbar | Buttons and drop-down menus from which to make your selections |
| Blank window | Appears when you first open NASDAQ Level II |
| Data | Appears after you retrieve data for a symbol
Bid and ask quotes and raw data for the selected equity symbol |
| Level I data | Optional; Level I quote data for the selected equity symbol |
| Price and Size Distribution Bars | Visual indicators for the movement of the price and/or size of the selected equity symbol |
| Time and Sales data | Time & Sales data in real time for the selected equity symbol. |
You can use the buttons and menus on the toolbar to perform the NASDAQ Level II functions. The following table presents the functions you can perform with the toolbar buttons.
| To perform this function: | Click on: |
| Select the symbol for which to retrieve NASDAQ Level II data |  |
| Search for a symbol |  |
| Get Level II data for the symbol |  |
| Customize NASDAQ Level II |  |
| Auto Size Columns |  |
| Print Level II data |  |
| Save Level II Data to a file |  |
| Get a Snap Quote for the selected symbol |  |
| Create a DTN.IQ Chart for the selected symbol |  |
| Access news articles for the selected symbol |  |
| Show Time & Sales data for the selected symbol |  |
| Toggle Level I data to show/hide |  |
| Toggle Price Distribution Bar to show/hide |  |
| Toggle Size Distribution Bar to show/hide |  |
| Toggle Highlighted Market Makers to show/hide |  |
| Toggle Time & Sales data to show/hide | |
| View Island Book Viewer |  |
When you right click on a NASDAQ Level II window, a menu of available options appears. The following table presents the right mouse menu options you use to perform the Level II functions.
| Activity | Right Mouse Command |
| Trade online from NASDAQ Level II | The Online Trade Service Note: Only available if you have an online trade account. |
| Search for a symbol | Company Search |
| Get data for a Level II table | Get Data |
| Customize NASDAQ Level II | Settings |
| Adjust Column Width of all data tables. | Auto Size Columns |
| Print Data | |
| Save Level II data to a file | Save |
| Get a Snap Quote for the selected symbol | Snap Quote |
| Create a DTN.IQ Chart for the selected symbol | Chart |
| Access news articles for the selected symbol | News |
| Access Time & Sales window | Time & Sales |
| Toggle Level I data display | Level I View |
| Toggle Level II data display | Level II View |
| Toggle Time and Sales data display | Time & Sales |
| Toggle Market Maker Highlight | Market Maker Highlight |
| Toggle Price Bar display | Price Bar |
| Toggle Size Bar display | Size Bar |
| View Island Book data | Launch Island Browser |