video1.0<iframe src="https://www.loom.com/embed/7d184681b6074de885b1c0f0b5c0bf4b" frameborder="0" width="1280" height="960" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>9601280Loomhttps://www.loom.com9601280https://cdn.loom.com/sessions/thumbnails/7d184681b6074de885b1c0f0b5c0bf4b-00001.gif147.78Hey there! In this quick video, I'll be explaining the difference between level one and level two quotes, also known as top of the book quotes or full market depth quotes. If you have real-time data, you'll see the same price traded and the same bid and ask on the front two contracts, regardless of whether it's level one or level two. The only difference is that level two quotes show multiple levels of bid and offers. If you're an option trader or a swing trader, level one is more than enough. The cost for level one is about $2 per exchange per month, while level two can cost up to 12,050 cents per exchange per month for professional traders. I hope this clears up any confusion you may have had about level one and level two quotes!