Trading Idea

Institutional and retail traders alike can benefit from reduced trading costs. Commissions, fees, software costs, entitlements, and other expenses can cut into profits and in many cases slide the net profit/loss results into the negative.

If you have access to a "Level II" screen, you will see the current bid and offer, as well as the volume that is being bid or offered by multiple participants on each ECN at that price. If no one is bidding/offering on a particular ECN, that ECN will not appear at that price on the Level II. It should be noted that you do not need to see a Level II in order to collect credits to offset commissions, you only need to know how and where to place your orders.