- Level 1 is a type of trading screen used in stock trading that displays real-time quotes for the best national bid and ask prices for a security.
- With the advent of the Internet and online trading, Level 1 quotes have become widely offered and investors can access them for free.
- Level 1 quotes are often sufficient for long-term investors who don’t care too much about minor price changes.
- Active traders looking to make much smaller profits often use Level 2 quotes to gather more information.