Nasdaq TotalView
Level-Up your Retail Trading with Depth Data
Active retail investors in the U.S. equities market are demanding access to more granular information. Bring your investing decisions to the next level with depth-of-book data.
Market Data Empowers Investment Decisions
When much of the world entered lockdown at the onset of the COVID-19 pandemic, an unexpected phenomenon began to take shape on Wall Street. The “rise of retail” was a moniker that emerged during this period to describe the unprecedented entrance of new retail participants into the stock market.
Whether you're new to investing, or you've been trading for years, one truth remains consistent: the depth of your insights often determines the depth of your success. To effectively trade, now more than ever, you need access to depth data.
Understanding Depth-of-Book
To understand depth data, you have to first understand top-of-book data, also known as Level I data. This data provides basic price information about a security.
Once you have an understanding of Level 1, you can start to look at depth-of-book data. Sometimes called Level II data, depth-of-book refers to the full robustness of an order book. It's a comprehensive view of all trading activity, providing every quote on the book so that you can get insight into the true supply and demand for a particular security.
Level I
A top-level view of the market with last sale pricing information, trade volume, and the latest bid and ask quotes.
Full Depth-of-Book
A full look at the current order book with outstanding buy and sell orders and the number of shares at each price level.
Depth Data: The Big Picture
The granular details from full depth-of-book create more nuanced and competitive trading, allowing you to:
Full Depth with Nasdaq TotalView ->
Nasdaq TotalView is a premium data feed that provides the full depth-of-book of bids and asks for all Nasdaq, NYSE, and regional-listed stocks trading on the Nasdaq Market Center.
It includes the prices and quantities of displayed quotes and orders, allowing investors to better determine the supply and demand for a stock at a certain price.
It also includes Net Order Imbalance Indicator (NOII) data for the Nasdaq Open and Closing Crosses. NOII highlights buy and sell interest with constant updates on share imbalance, indicative clearing prices and sentiment leading into the crosses, which are typically the highest volume periods of the trading day.
How to Access Nasdaq TotalView
Via Nasdaq Partners
Via Nasdaq Bookviewer
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A real-time view of all buy and sell order depth for The Nasdaq Stock Market.
Powered by Nasdaq TotalView, Nasdaq BookViewer is the data product for serious retail traders. Achieve better trade performance by viewing all the buy and sell orders in Nasdaq for all US-listed securities.
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Orders received into Nasdaq’s book are immediately visible on BookViewer, regardless of the order’s size and the identity of the party placing the order.
Learn How to Use Nasdaq BookViewer to Trade Today’s Market and Identify Levels of Support and Resistance
BookViewer Pricing
$15
Per Month
Non-pro Pricing
$76
Per Month
Professional Pricing
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Learn more about Nasdaq BookViewer
Resources
Why Real-Time Data Matters When Trading Stocks
Information to empower your trading is at your fingertips. Learn these essential terms and head to any stock page on Nasdaq.com to transform your knowledge into action.
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Information to empower your trading is at your fingertips. Learn these essential terms and head to any stock page on Nasdaq.com to transform your knowledge into action.
Finding Depth to Inform Markets of the Future
This white paper provides some background on the market structure of the U.S. equity market for context and discusses how the granular depth-of-book data in Nasdaq TotalView allows investors to take their decisions to the next level.
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This white paper provides some background on the market structure of the U.S. equity market for context and discusses how the granular depth-of-book data in Nasdaq TotalView allows investors to take their decisions to the next level.
Why Real-Time Nasdaq Market Data Matters for Investors
Real-time data service is one of the foundational elements for serving investors, and investors need the best quality data to make informed decisions.
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Real-time data service is one of the foundational elements for serving investors, and investors need the best quality data to make informed decisions.