Feature Hunt Challenge E1 | moomoo上的Level 2市场数据

It helps users to understand real-time order placement and real-time pending orders, making order viewing and trading more efficient and aiding investing decisions, with full visibility on bids and asks with the best transaction prices.

There are four main features that traders look at to gain insight and information about stocks from level 2 trading data.

The level 2 market data provides multiple levels of the best bids and offers that have been made for a particular stock. For example, if there is a significant gap between the highest bid and the next highest bid, this indicates that the stock might not be particularly strong. In instances like this, where the highest bid is significantly higher, the Level 1 market data doesn’t tell the entire story. Remember that the Level 1 data only shows the highest bid, which would be insufficient in this situation.