Looking for a Stock screener that shows bid-ask spread.
Hello Zbojnik,
I have good news for you. The Level IV™ Trading Platform shows Level II bid-ask spreads, and with Dynamic Sorting™ traders can sort on such spreads.
In our Level II Windows you can sort on the spreads for one symbol. Please see the attached video for information on this feature - The Spread Columns are introduced at 4 minutes, 27 seconds.
But you might be even more interested in The Crowd™ view of our Level IV Montage™ window, with the ability to monitor up to 1,000 symbols simultaneously, and to sort on the bid-ask spreads for all of them at once.
Level I Spread - All New
This column shows the spread (difference) between an exchange's Level I Inside Bid and Inside Ask Price for a particular symbol.
Level II Spread - All New
This column shows the spread (difference) between A Market Maker's Level II Bid and Level II Ask Price for a particular symbol. A low spread indicates that the Market Maker is actively buying and selling the symbol and a large spread indicates the Market Maker is only pursuing action on one side.
Again, I'd be happy to answer any questions you might have.
"Ask: The ratio of Inside Volume Ask / ( Inside Volume Bid + Inside Volume Ask ) for that specific symbol. This indicates the percentage of Inside Ask Volume compared to Total Bid and Ask Volume. A value of more than 50% indicates there is more volume at the Inside Bid than at the Inside Ask. This could indicate prices will move down."
The following statement seems to be in error having bid and ask reversed:
A value of more than 50% indicates there is more volume at the Inside Bid than at the Inside Ask.
"Ask: The ratio of Inside Volume Ask / ( Inside Volume Bid + Inside Volume Ask ) for that specific symbol. This indicates the percentage of Inside Ask Volume compared to Total Bid and Ask Volume. A value of more than 50% indicates there is more volume at the Inside Bid than at the Inside Ask. This could indicate prices will move down."
The following statement seems to be in error having bid and ask reversed:
A value of more than 50% indicates there is more volume at the Inside Bid than at the Inside Ask.
Hi Smile,
You are absolutely correct , and we appreciate the feedback. It's always a challenge proof-reading hundreds of pages of information.
Our Web-Maven, Melissa, fixed it as soon as you pointed it out, and wanted me to thank you for saving us from her dyslexia