/biz/ - Business & Finance

>>11015905
>you normally have to pay for this shit, dont you?

Depends on the brokerage you choose. I use my bank's and they give free level 2 as long as you make more than (i think?) fifteen trades a month.

>anyone ever tried to use this real-time? is it shit? or is it accurate
>i think i could do a lot of damage w a decent lvl2 desu

It is manipulated just as much as anything else on the stock market. Bluff bid and ask walls are constant. What is true on the order ledger one hour may be completely different the next. However, I find it invaluable for trading low volatility derivatives like warrants. Trading warrants with level 2 information available means you can essentially trade with whale strategies using only a couple grand. For example, say the warrants are trading very slow on a given day. The bid/ask spread is massive and nobody is watching it that closely. Bid is several percent below last trade price. You can buy everything on sale for that bid price, drop the trading price by whatever the spread was in the process, watch it bounce straight back up within a couple hours.