Customizing the Level II Display

There are several Level II display settings you can customize to see exactly the information you need. All can be found by right-clicking in the Level II or Time & Sales area and selecting Level II Settings.

Level II Settings
Level II Behavior
Sort quotes by Size or Time

Sort quotes by Size to see the largest quotes first at each price level. If multiple quotes are the same size, the older quotes will get higher priority.

Sort quotes by Time to display quotes from oldest to newest regardless of size.

Display Scrollbars Displays scrollbars in each column enabling you to see the full depth of the bid or ask, or to see time & sales data from further back.
Display Aggregated Quotes

Displays an aggregate size at each price levels above the bid and ask columns.

  • Aggregate quotes show the number of shares being quoted at each price level. The size is the sum of all of the individual market maker/ECN quotes at that level.
  • Increase or decrease the number of aggregate levels shown by clicking and dragging the divider bar between the aggregate and Level II areas.
Display quote volume in 100's

If unchecked, the full volume for a quote will display. If checked, the quote will display without the last two zeros to save screen space.

Bid/Ask Data Sources
Level I

Displays the inside bid/ask as "L1" at the top of the bid and ask columns.

Update during extended hours: If checked, Level 1 data will update during extended hours trading. If unchecked, it will freeze at the close price.

MM/Exchange Best Only displays a market maker or exchange's best bid and ask quote rather than every quote at every price level in their books.
ARCA/NSDQ If checked, displays the ARCA/NSDQ book data in lower case text, so you can distinguish between which quotes are only in the ARCA or NSDQ book and which quotes the whole market can see.
Bid/Ask Columns
Display:
  • Venue/Market Center
  • Price
  • Size
  • Quote Change Arrow
  • Bid/Ask Status
  • Bid/Ask Time
Display in Time & Sales
Display:
  • Time
  • Bid/Ask Changes
Watches
Watch ECNs Highlights ARCA and NSDQ quotes on Level II. This option will be grayed out if you are not enabled for Level II.
Watch Market Participants Enter up to 4 market makers or ECNs to highlight in Level II.
Apply settings to...
this Level II or all Level IIs

If you have multiple Level II displays and want different settings for each, choose Apply to this Level II.

To have these settings apply to all Level II displays in your layout (and all future Level II displays you add), choose Apply to all Level IIs.