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Level 2 bid/ask prices

Discussion in 'Fundamental Analysis' started by writetodeepaksharma, Aug 20, 2012.

  1. writetodeepaksharma

    writetodeepaksharma New Member

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    hello,

    is there any broker that provides level 2 bid/ask price of a stock. if so then what is the fee involved.

    regards
    Deepak
     
    writetodeepaksharma, Aug 20, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    NSE and BSE the exchanges only shares 5 bid and 5 ask prices and no broker can share more than those levels.
     
    shabbir, Aug 20, 2012
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  3. writetodeepaksharma

    writetodeepaksharma New Member

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    hello shabbir ji,

    thanks for your response,

    but that does not show name of the person or market makers. i was browsing the stocks quotes, and somewhere i found that in US some brokers do show who all are in the biding /ask.... (like goldman sachs/ lynch)

    does any brokerage house in India provide such info? or it is prohibited

    regards
    Deepak
     
    writetodeepaksharma, Aug 21, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    No US exchanges have that data and so exchanges can show them for a price but that is not the case with Indian exchanges.
     
    shabbir, Aug 21, 2012
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  5. writetodeepaksharma

    writetodeepaksharma New Member

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    thanks shabbir ji

    regards
    Deepak
     
    writetodeepaksharma, Aug 21, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine Deepak.
     
    shabbir, Aug 21, 2012
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  7. writetodeepaksharma

    writetodeepaksharma New Member

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    writetodeepaksharma, Aug 25, 2012
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  8. writetodeepaksharma

    writetodeepaksharma New Member

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    opps, i think i did not understand it correctly. they did not open it for retail investers, but actually they made it easy for institutional investers.

    regards
     
    writetodeepaksharma, Aug 25, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    If your investment is above 5 Crore in any stock or more than 5% of total equity capital of company, you can get direct window to the exchange and that direct window allows you to make block deals.
     
    shabbir, Aug 26, 2012
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  10. writetodeepaksharma

    writetodeepaksharma New Member

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    he he he :) 5 crocre... i dont think i would even get DMA :)
     
    writetodeepaksharma, Aug 26, 2012
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  11. shabbir

    shabbir Administrator Staff Member

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    You don't need to invest that much and you can even get 5 Crore through returns as well and never underestimate your returns.

    If you can't aim for investing 5 Crore but try making that much from your investment and possibly double ever year or two.
     
    shabbir, Aug 26, 2012
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  12. writetodeepaksharma

    writetodeepaksharma New Member

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    thanks shabbir ji,

    yes i understand. its been only two months since i started reading your book along with other well known books. i had lost lot of money but slowly re-covering losses due to study and analysis. this all started from your book :). so i am thankful to you. there is a big change in my overall approach. two months back, i would not understand CNBC or other financial media news coverage. but now its different. closely observing market behavior and sentiments.

    regards
    Deepak
     
    writetodeepaksharma, Aug 26, 2012
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  13. shabbir

    shabbir Administrator Staff Member

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    Deepak, glad to see that and it is these comments from my readers get me going.
     
    shabbir, Aug 26, 2012
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