DAYTRADING Fundamentals Message Board

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To: Bilow who wrote (4069)	9/16/1999 9:33:00 AM
From: Dan Clark	Read Replies (1) of 18137

Bilow, Great post! I use Level-2 and a direct-access broker also. One small clarification to the comment: "Direct access is not possible without having a level-2 screen. The reason is that you wouldn't know how to address the counterparty." Technically, you don't have to have Level-2 to access the ISLD book. This is available at www.island.com or in QCharts. Neither requires Level-2 access. Therefore, you could use a Direct Access broker and preference Island without a Level-2 screen. (Preferencing Island is my preferred option.) I think it is better to trade with Level-2 access when you use the Island book, but it is possible without Level-2. Good trading and regards, Dan.

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