TD Ameritrade Level 2 Cost

TD Ameritrade Level 2 Quotes and Real Time Quotes (2022)


TD Ameritrade level 2 quotes (NASDAQ TotalView) data and real time streaming stock quotes fees, cost, and account requirements. Does TD Ameritrade offer free NASDAQ level II quotes? How to access level 2 quotes on Thinkorswim?



TD Ameritrade Real Time Quotes


Investors at TD Ameritrade receive free real-time streaming stock quotes if they are non-professional users who have opened and funded an account.


Level II Quotes at TD Ameritrade


Sometimes Level I quotes on Nasdaq stocks just aren’t enough. If you’re day trading, for example, you need more information than just the current bid-ask spread. That’s where level II quotes come in handy. They provide more information than Level I quotes. Level II quotes also tell you who the market makers are for a given security, and what the order sizes are.

TD Ameritrade offers Level II quotes free of charge to both professional and non-professional traders. This is a very generous policy. Not all brokers offer Level II quotes at no cost. For example, TradeStation charges $10 per month for Level II quotes for non-professionals, while professional traders must pay a very steep $110 per month for the same data.

TradeStation’s fee include Level I quotes. TD Ameritrade charges professional clients $22 per month for this information, although non-professionals get the data for free.


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How to Access Level II Quotes at TD Ameritrade


Finding Level II quotes on TD Ameritrade’s website is fairly simple. You first must be subscribed to the appropriate market data, though. Clients that receive Level II data for free must also subscribe. Just go to ‘My Profile’ under the ‘Client Services’ tab and click on ‘Subscriptions.’ Here you can sign up for the data.

Once you have subscribed, go to the Positions page and hover over a ticker symbol. You can also go to a watch list and do the same. A pop-up window will appear showing ‘Additional actions.’ Select this and you’ll see the option for Level II quotes. Choosing this will produce a small pop-up window with bid and ask prices with share amounts from various market makers. A Level I quote is shown at the top of this window along with the day’s graph.


thinkorswim Level II Quotes


Finding Level II quotes on the company’s advanced desktop platform, thinkorswim, is a little more difficult because the software has more information on it. Go to the ‘Trade’ tab and then find ‘Trade Grid’ underneath. Here, type in a ticker symbol and the thinkorswim Level II info will show up. The window the info is displayed in may be difficult to resize. The broker’s mobile app provides the best presentation for Level II data, with bids and asks right next to each other, with the lowest spread at the top and the widest spread at the bottom.


thinkorswim level 2 quotes


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Other Market Data


TD Ameritrade also offers streaming news, and OPRA, AMEX, and NYSE quotes free for all non-professional traders. However, professional accounts must pay $99 for streaming news, $30.50 for OPRA quotes, $23 for AMEX data, and $45 for NYSE numbers.


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Open TD Ameritrade Account


About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.