Level 2 Market Data for 2025

We found 11 online brokers that are appropriate for Trading Level 2 Market Data Investment Platforms.

Level 2 Market Data Guide

Analysis by Andrew Blumer, Updated Last updated – October 01, 2025

Level 2 Market Data

The market data obtained from level 2 is called level 2 market data. It is more in-depth and can tell more about the security's price action than other data types. For example, it can provide information about the buyers and the sellers engaged in trading stock. Using this information, a trader can get a rough idea of the next possible direction of the stock.

Before we look at the level 2 data in detail, let us have a quick look at some key points.