Introduction to Nasdaq Basic-LV1

Question

Accepted Answer

Nasdaq Basic-LV1 is a service that provides real-time stock market data, focusing on all stocks listed on U.S. exchanges. This data is compiled from the Nasdaq market center and from trades reported to the FINRA/Nasdaq Trade Reporting Facility.

What does Nasdaq Basic-LV1 provide？

1. Nasdaq Last Sale

Nasdaq Last Sale offers real-time, tick-by-tick details including the price and size of orders executed within the Nasdaq execution system, as well as trades reported to the FINRA/Nasdaq Trade Reporting Facility (TRF).

2. Nasdaq BBO (QBBO)

Nasdaq BBO delivers real-time updates on the highest available buying price (bid) and the lowest available selling price (ask) within the Nasdaq market center, including the volume available at those price points.

These data points are crucial for investors and traders as they provide a real-time view of the market, helping to make more informed investment decisions.