Often times when I’m listening to some bigger names talk during my premarket preparation, they will often say something along the lines of “there is a big order of 500k shares at ‘x’” or “there is a significant buy imbalance of 500k shares on ‘xyz’ ticker”. I cannot see this information with standard lvl 2/DOM on my platform (thinkorswim). Where can I subscribe to get this information?
I am currently switching to tradestation since the lag on TD is complete BS. If they do not have this information where can I get it? What brokers offer this besides lightspeed? is there a list? i for the life of me cannot find a shred of information about this anywhere online. Every time I run a search I'm flooded with market guru bs about level 2 and broker ads
You need full depth level2. Lightspeed has it, IB has it. TD has only the top of books prices, so you will not see all the orders. The "order imbalances" refers to a different set of market data, hence your question was a bit confusing.