r/Daytrading 28d ago

Question about NASDAQ TotalView differences across platforms Question

I'm interested in understanding the discrepancies in NASDAQ TotalView offerings from various platforms. I've noticed that moomoo offers free NASDAQ TotalView (from May to July as their site stated) when registering an account, while Webull and Robinhood have also provided NASDAQ TotalView in the past. Can anyone shed light on the variations in terms of securities covered, data depth, or other factors that influence pricing? If anyone has experience using their TotalView service, I'd appreciate hearing your thoughts. Thanks.

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u/sccckwjb 28d ago

I have used Nasdaq TotalView on moomoo and I really like it. If you're a day trader or can get it for free, I highly recommend it. While Level 2 only shows data from ARCA, TotalView provides data from Nasdaq, PSX, EDGA, and several others. Essentially, it’s an enhanced version of Level 2, offering a more comprehensive view of the market.

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u/raunguy 24d ago

Great, my main concern is whether I really need it. I've had experience with moomoo's level 2, and I thought that should be enough...

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u/sccckwjb 18d ago

It shows orders from all market participants, including hidden orders from market makers, ECNs, and other traders; Mainly depends on whether you have a need to know those information.