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level 1 service

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Financial Dictionary

Level 1 Service

A service providing real-time inside bid-ask quotes for securities traded on the Nasdaq system and for the OTC Bulletin Board. Level 1 Service is intended for securities firms not actively engaged in trading Nasdaq and OTC Bulletin Board stocks for themselves or for their customers.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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