What is Level 2? What's the difference between Shanghai and Shenzhen standard market and secondary market?

Hello, secondary quotation is a real-time quotation information charging service product launched by Shanghai Stock Exchange, which mainly provides real-time transaction data of securities products listed and traded on Shanghai Stock Exchange, including new data such as ten-file quotation, transaction queue, transaction by transaction, total entrusted amount and weighted price.

The difference between secondary market and standard market:

1, different performance speeds

Level2 data transmission is 3 to 10 seconds faster than ordinary level 1, and the market display speed is faster, so investors can get trading information more timely.

2. Different quotation methods

Both buyers and sellers need to line up in the market: the buyer's bid is from high to low, and the order is naturally from front to back; Sellers bid from low to high, and the order is naturally from front to back. Level 1 is the leader of these two parties, and level2 includes others besides the leader.

3. Different functional richness

Level2 has more functions than level 1 Level 1 shows the five-file market, while level2 shows the ten-file market, and there are many new data such as buying and selling queues, transaction by transaction, total entrusted amount, weighted price and so on.

In addition, level 1 is free, while level2 requires investors to pay.