• Every order for each market maker quoting on a stock
• Aggregate size of all quotes and orders at each of the top five price levels in NASDAQ
• The combination of these two features allows users to see not only all of the sponsorship in a stock, but also to view unprecedented depth at and near the prevailing NASDAQ Inside
• TotalView shows significantly more market depth than the standard NASDAQ Level II display: in most NASDAQ-100 Index securities, TotalView displays 30% more depth than Level II a majority of the time

Trading Advantages:

To Take full advantage of trading Nasdaq stocks (National and Small cap), traders need more information than NASDAQ Level II data provides. NASDAQ TotalView shows every order for each market maker, plus reflects the depth of every other quote and order position available for immediate execution in NASDAQ within the first five price levels. TotalView traders have an advantage over Level II traders because they can see the full depth of the NASDAQ market and the drivers of this depth — the maximum amount of information available. The aggregate depth helps traders to:

Follow pockets of liquidity over time

Better understand how orders are distributed throughout the market

Identify new trading opportunities

Pursue unique trading strategies