Where do I find the order book

[Guest danielmooney]

Hi, 

I'm new to trading and recently found out about order books. I've been looking for one on the IG trading platform and I am unable to find it. Is it not on the platform at all and somewhere else (i.e. websites) or do i have a massive misconception about the topic. Thanks

[Guest Alex]

Orderbook or level 2 is not visible via Spreadbetting. You do not have access to underlying market. To see the orderbook you will have to subscribe to an external data provider and use a different platform (Ninjatrader, Sierra Charts and so on).

[CharlotteIG]

On 08/12/2019 at 08:24, danielmooney said:

Hi, 

I'm new to trading and recently found out about order books. I've been looking for one on the IG trading platform and I am unable to find it. Is it not on the platform at all and somewhere else (i.e. websites) or do i have a massive misconception about the topic. Thanks

If you want Level 2 data you can access it through IG using the L2 platform. This platform is free but you must have £1000 in your account and you will have to pay for exchange viewing permissions.

9 minutes ago, Guest Alex said:

Orderbook or level 2 is not visible via Spreadbetting. You do not have access to underlying market. To see the orderbook you will have to subscribe to an external data provider and use a different platform (Ninjatrader, Sierra Charts and so on).

Details for the L2 platform can be found by clicking here.

You can find your data feed costs on the platform by selecting Settings> Data feeds> CFD and Share dealing. 

 

[DSchenk]

Although there is still no L2 for the US market via L2, right @CharlotteIG?

That would be another point to pick up with the desk or whoever is owning that service.

[CharlotteIG]

17 hours ago, DSchenk said:

Although there is still no L2 for the US market via L2, right @CharlotteIG?

That would be another point to pick up with the desk or whoever is owning that service.

That's correct we only offer L1 data for US exchanges. After speaking with the desk they confirmed that L2 data for US exchanges are too expensive. We do pass the cost of L2 data on to clients and we don't think it will be something many clients will be willing to pay (looking over one hundred per month).

[DSchenk]

Wow, 100 per month. That's insane.

Thanks for checking anyway @CharlotteIG

There's gotta be a cheaper provider for US Level 2 out there - anyone know anything?

[CharlotteIG]

56 minutes ago, DSchenk said:

Wow, 100 per month. That's insane.

Thanks for checking anyway @CharlotteIG

There's gotta be a cheaper provider for US Level 2 out there - anyone know anything?

No problem at all, I thought it was either going to be cost or the look of the order book considering it ticks in cents.