IB: free Nasdaq Level II?

Discussion in 'Retail Brokers' started by alosito, Jun 21, 2005.

  1. alosito

    alosito

    Does anybody know if Interactive Brokers gives heavy traders a free access to Nasdaq Level II? How much do you need to pay in trading fees per month in order to get Nasdaq Level II for free with IB?
     
  2. It is not free. It will cost $20 per month and it will not be waived based on trade volume.
     
  3. alosito

    alosito

    I am not subscribed for Level II with IB, but when I get the quote feed from them with Medved QuoteTrader, I can see Level II data in Medved QuoteTrader. Does it mean I still get the same Level II data without paying $20?
     
  4. Bob111

    Bob111

    go to mb trading. they give you L2 for free for accounts >25K. comm about same
     
  5. alanm

    alanm

    I doubt you are seeing L2. You are probably seeing the top-of-book for each of the routes, put together to look like an L2 montage. Are you actually seeing the various MMs (not just ECNs)?
     
  6. You are right. He should be seeing just the top bid and asks and not the name of MMs. I was using it a while ago. Not a real level 2