Bay Area California
Experience: None
Platform: TT T4
Broker: Phillip Capital
Trading: Futures
Posts: 809 since Nov 2011
Thanks Given: 926
Thanks Received: 898
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It depends on what are are using it for. Level 1 has all the inside quote updates, so if you are doing detailed analysis, or analysis on a product that frequently goes seconds/minutes without trading, or trying to compare assets, it’s useful to have all of the extra quote information. That way you can get the state of the inside market at any time of the day, not just snapshots when it trades. Also depending on what you are looking for, there is a thread on here where people share trade/tick data for the most popular products.
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