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Investments glossary

Level 3

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Quotes of the day:

All that is gold does not glitter not all those that wander are lost.

— J. R. R. Tolkien

Level 3 is the highest level of quotes provided by a trading service and gives the institution the ability to enter quotes, execute orders and send information. Level 3 service is restricted to National Association of Securities Dealers (NASD) member firms that function as registered market makers.



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