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  • 推荐 OXIO 加拿大高速网络,最低月费仅$40. 使用推荐码 RCR37MB 可获得一个月的免费服务
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  • 推荐 OXIO 加拿大高速网络,最低月费仅$40. 使用推荐码 RCR37MB 可获得一个月的免费服务

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ARCX - Archipalego ECN, major user: Etrade
BTRD- Bloomberg Trade ECN, major user: Bloomberg subscriber
CINN- Cincinnati Stock Exchange/Island ECN, major user: Ameritrade
JPHQ- JP Morgan securities, market maker
PERT-Pershing, market maker
SCHB- Charles Scharb, market maker and No 1 retail discount broker.

Level II is the market depth quote screen on which each MM posts its best bid and ask plus size. It is a very useful tool for professionals to trade. For small investor who buys and holds, it is not a necessity. For small trader who thinks he does not need level II, he always stays at atateur level.

If you trade a stock frequently (in and out), you need to know who are the "big guys" of your stock , say 5 top MMs.
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Replies, comments and Discussions:

  • 枫下家园 / 理财投资税务 / 问一下这儿的高手DX,LEVEL II 里面的ARCX,BTRD,CINN,JPHQ,PERT,SCHB。。等等到底代表了哪些MM,在哪儿可以查到这些Infomation?谢谢了。
    • 我也有一个问题, 您从那里看到LEVEL2 的?
      • 我在Ameritrade有个帐户,一个月$10 for Level II。
        • My levelII in Ameritrade is free because I trade too frequently. But I don't think it is very useful for us since we are not daytraders.
          • 我一般是不用的,但有需要时就买一个月,感觉一下机构的手法。BTW,你知道怎样了解到那些MM的Symbol吗?我觉得今天有几个机构Bid Ask Jcom的价位满奇怪的。想看看是哪些机构。
    • 没人知道吗? 望高手DX不吝赐教,在下先谢谢了。
    • Here is the answer
      ARCX - Archipalego ECN, major user: Etrade
      BTRD- Bloomberg Trade ECN, major user: Bloomberg subscriber
      CINN- Cincinnati Stock Exchange/Island ECN, major user: Ameritrade
      JPHQ- JP Morgan securities, market maker
      PERT-Pershing, market maker
      SCHB- Charles Scharb, market maker and No 1 retail discount broker.

      Level II is the market depth quote screen on which each MM posts its best bid and ask plus size. It is a very useful tool for professionals to trade. For small investor who buys and holds, it is not a necessity. For small trader who thinks he does not need level II, he always stays at atateur level.

      If you trade a stock frequently (in and out), you need to know who are the "big guys" of your stock , say 5 top MMs.
      • 非常感谢!