Unlock Deeper Market Insights with US Level 2 Data

Ever wonder what is happening beyond the best bid and ask?

US Level 2 Market Data, powered by Nasdaq TotalView, provides a real-time view of the entire order book with up to 20 levels of market depth on each side. Previously, subscribers have access only to the depth information. We have now enhanced the feed to also include the powerful Net Order Imbalance Indicator (NOII) on POEMS 2.0 Web and Poems Mobile 3.0.

Why US Level 2 Matters?

• 📊 Market Depth: Observe the depth of liquidity and identify hidden support/resistance for up to 20 levels.
• 🏛️ Market Participant: When enabled, this feature reveals which market participants (e.g., brokers or market makers) are placing orders at each level.
• 📈 Market Summary: Get a snapshot of real-time trading activity based on the complete order book.
• 🔍 Net Order Imbalance Indicator: Anticipate potential price movements before market open and close.

How to subscribe US Level 2?

• 💻 via POEMS 2.0 Web: Login POEMS 2.0 Web > Market Data & Rewards > New Subscriptions > Product Name > *US Market Depth (Non-Pro) or US Market Depth (Professional) 
• 📱 via POEMS Mobile 3.0: Login POEMS Mobile 3.0 App > Me tab > Forms > Market Data > New Subscriptions > US > Non-Professional/Professional > Market Depth

Note: Clients may redeem the US Level 2 subscription using POEMS Reward Points.

Useful Links:

• Nasdaq TotalView White Paper
• Nasdaq TotalView One Pager
• The Nasdaq Opening and Closing Crosses

·     US Market Depth Subscription

Snapshots of the NEW Level 2 Data for US Market on POEMS 2.0 Web

Legend	Feature	Description
A	Search Bar	Enables users to quickly find and select US stocks to view Level 2 data.
B	Trade Button	Provides direct access to place trades from the Level 2 interface.
C	Stock Label	Displays the selected stock’s name, ticker, and relevant trading details.
D	Market Depth	Shows up to 20 levels of bid and ask prices, with associated order volume at each price level.
E	Summary	Offers a real-time overview of trading activity based on the complete Nasdaq TotalView order book.
F	Imbalance	Displays the Net Order Imbalance Indicator (NOII), highlighting order imbalances that could affect prices during market open and close auctions.