Business, Legal & Accounting Glossary
Real-time quotes of the best bid and ask prices for a given Nasdaq or OTCBB stock.
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.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Level I Quotes are sourced/syndicated and enhanced from:
This glossary post was last updated: 5th November, 2021 | 0 Views.