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Glossary > L > "Level 3" Definition

Level 3

A trading service consisting of everything in Level 2, plus the ability to enter quotes, execute orders, and send information. This service is restricted to NASD member firms that function as registered market makers.

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Level 3 - A trading service consisting of everything in Level 2, plus the ability to enter quotes, execute orders, and send information. This service is restricted to NASD member firms that function as registered market makers.

Level 3 : a trading service consisting of everything in level 2, plus the ability to enter quotes, execute orders, and send information. this service is restricted to nasd member firms that function as registered market makers.