Level 3 Market Data

Level 3 market data

Level 3 market data is the final level of the market data. Since level 3 market data is also an order book, it is quite similar to level 2 market data. The difference between level 2 and 3 market data is that level 3 has a much greater market depth than level 2. Level 2 market data provides, at most, ten best bid-ask offers, whereas level 3 market data can provide ...