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level 2 service

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Financial Dictionary

Level 2 Service

A service providing real-time access to market maker quotations for every Nasdaq-listed security and for OTC Bulletin Board securities. Level 2 Service is intended for firms trading significant amounts of Nasdaq and OTC Bulletin Board securities 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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