Level 2 provides you with full viewing of the order book in real-time on the London Stock Exchange (LSE) and provides insights in how you can get better pricing using direct market access (DMA). Level 2 also shows us the market depth and the liquidity available for the security.
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Like many retail traders, you may not be aware of what an iceberg order is, how to identify them, and how to use iceberg orders to your advantage. Not understanding iceberg orders will impact your