Level I Quotes

Business, Legal & Accounting Glossary

Definition: Level I Quotes

Full Definition of Level I Quotes

Level I quotes real-time (non-delayed live) quotes of the best bid and ask prices for any individual Nasdaq or OTCBB stock. Level I quotes are what most investors get from their broker. You do not need special registration to use Level I quotes, and Level I quotes are what you see when you use most online stock services. Level I quotes provide only current “inside market/quote” or highest bid price and lowest ask price. Level I quotes do not let you see any limit orders or the total quantity of shares bid. Level I does not tell you which market maker is buying or selling shares of a particular stock. Because of the limited amount of in-depth market information, Level I quotes tend to be of little use to the serious day trader. Level I quotes from the NASDAQ or OTCBB is adequate information for the average stock market observer or investor.

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Level I Quotes. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. January 15, 2021 https://payrollheaven.com/define/level-i-quotes/.
Chicago Manual of Style (CMS):
Level I Quotes. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/level-i-quotes/ (accessed: January 15, 2021).
American Psychological Association (APA):
Level I Quotes. PayrollHeaven.com. Retrieved January 15, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/level-i-quotes/

Definition Sources

Definitions for Level I Quotes are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 10th February, 2020 | 0 Views.