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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: Brennan Wilkie who wrote (10529)5/3/1999 8:13:00 AM
From: the Chief  Read Replies (1) | Respond to of 62348
 
Where do i get market depth, and can you please define the term for me too thanks...

Market depth is a facility that allows you to look at the depth of bids and asks. CSW offers to a depth of 5 bids and 5 asks. This allows you to determine whether interest is building on the bid side, or whether people are more interested in selling.

MD may look like this

Bid-----------------------Offer
3 6,000 12.00----------2 30,000 12.05
1 3,000 11.90----------1 14,000 12.10
3 1,000 11.70----------5 60,000 12.15
1 1,000 11.40----------8 90,000 12.20
3 3000 11.05----------6 67,000 12.25

MD is in realtime ...this example would indicate that the stock would "likely" fall in the next few minutes unless market orders supported it!

PS The number "3" beside the 6000 shares wanted is the number of orders that comprise that 6,000 shares

the Chief