What are level II and level III quotes? What additional information do ppl get in those levels?

General
1

I came across a post which explains about level II and level III data of quotes. What exactly do ppl get in that level.

Bullet points if possible!

Thanks in adavnce.

2 Likes
2

Everything that you need to know abotu the data products is here on the NSE website. 

Level 2 provides market depth data upto best 5 bid and ask prices, Level 3 provides market depth data upto 20 best bid and ask prices. 

3 Likes
3

That NSE link was little complex.

NSE’s real time data is provided in three levels (level 1, level 2,level 3 and tick by tick). Level 2 provides market depth data upto 5 best bid and ask prices and Level 3 provides market depth data upto 20 best bid and ask prices .

This info is enough. Thanks Nithin.

4

How can u trade using this ?? Whats the Strategy using level II for intraday while trading?