Level II

Overview

 

Level2 - menu

You access the Level II window for the stock by right-clicking on the security's row in the portfolio or a watchlist, or right-clicking on the security's chart, and picking the Level II for ... option from the menu that pops up.

 

 

Level2 - main

 

The Level II window in Medved Trader shows you the current pending bids and asks on various exchanges, in real time. The color-coding of the rows is arbitrary, and is used to distinguish the price levels from each other.

 

Sources

 

You can change the source of the Level II data on the Main tab of the ribbon menu. The source has to have been previously configured as the Market Data Source. Note that the quality of Level II data varies greatly between sources, some do not cover all the exchanges, and vary on the number of price levels shown.

 

 

Columns

 

You can change the columns that show on the Level II screen. The View tab of the ribbon menu allows you to turn on or off any of the following columns on the Level II table:

 

MM ID

the Market Maker ID

Price

the price of the pending order(s)

Volume

the volume (size) of the pending order(s)

Time

the time the order was placed

Tick

how the order changed lately. Up/down arrow shows how the price has changed for this Market Maker, while the right/left arrows show how the size has changed

#

the column sequence number

 

 

 

Sorting Options

 

Level2 - sort

 

The price levels are always shown top-to-bottom, with highest bids on the top left and lowest asks on top right. The sorting within the price level can be adjusted on the Sort tab of the ribbon menu. You can sort within the price levels by the Time the order was placed, by its Size or by its Market Maker ID.

 

Fonts and Colors

 

Level2 - fontscolors

 

The Level II display's font size and color palette can be changed on the View tab of the ribbon menu.

 

Panels

 

Level2 - panels

In addition to the Level II data, other panels can be added to the Level II window. This is done through the Panels button on the View tab of the ribbon menu.

 

Level2 - all panels