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What are the main differences between Nasdaq Level 3 data and other market data sources for cryptocurrencies?

avatarMarina RNov 24, 2021 · 3 years ago1 answers

Can you explain the key distinctions between Nasdaq Level 3 data and other market data sources when it comes to cryptocurrencies?

What are the main differences between Nasdaq Level 3 data and other market data sources for cryptocurrencies?

1 answers

  • avatarNov 24, 2021 · 3 years ago
    When it comes to market data sources for cryptocurrencies, Nasdaq Level 3 data stands out for its comprehensive and detailed information. It includes real-time data on order book depth, allowing traders to see the supply and demand dynamics in the market. This level of granularity can be particularly useful for advanced trading strategies and algorithmic trading. Other market data sources may provide aggregated or delayed data, which may not capture the same level of detail. However, it's worth mentioning that accessing Nasdaq Level 3 data may require a subscription or access to specific trading platforms, while other market data sources may be more readily available to the general public.