Ironbeam is excited to announce a game-changing update for all traders using our platform. We are now offering Level 2 data, also known as full market depth, completely free of charge. This is a significant upgrade aimed at empowering traders with the comprehensive information they need to make informed decisions in real-time. Traders can now enjoy free market data across all CME/GLOBEX futures, including NYMEX, COMEX, CBOT and more.
What is Level 2 Data?
Level 2 data provides a deeper insight into the market by displaying the order book, which shows the buy and sell orders at various price levels. Unlike Level 1 data, which only shows the best bid and ask prices, Level 2 data gives traders a more detailed view of market activity, including:
- Market Depth: See the number of buy and sell orders and the quantities available at different price levels.
- Order Book: View the queue of orders waiting to be executed, providing a sense of the market’s supply and demand dynamics.
- Market Sentiment: Analyze the order flow to gauge the strength and direction of the market sentiment.
Why is Level 2 Data Important?
Having access to Level 2 data is crucial for traders who want to gain a competitive edge. Here’s how it can enhance your trading strategy:
- Improved Order Execution: By understanding the depth of the market, you can place orders more strategically to minimize slippage and improve execution quality.
- Enhanced Market Analysis: The detailed view of buy and sell orders allows you to identify potential support and resistance levels, giving you a better understanding of market trends.
- Informed Decision-Making: With a clearer picture of market liquidity and order flow, you can make more informed trading decisions, reducing the risk of unexpected market moves.
Our Commitment to Traders
At Ironbeam, we are dedicated to providing our users with the best tools and resources to succeed in the markets. By offering Level 2 data for free, we aim to democratize access to critical trading information, ensuring that all traders, regardless of their experience level, can make more informed and strategic decisions.
We believe that transparency and access to information are key to trading success. This latest update is just one of the many ways we continue to enhance our platform and support our trading community.
Mike Murphy
[email protected]
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.