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Depth of Market

How to read data on the DOM.

Updated over 3 months ago

Level 1 DOM (Top of Book)

  • Displays the current best bid and best ask.

  • Shows the total size (volume) available at those top prices.

  • Useful for quick order entry and seeing immediate supply and demand.

In the picture below, the Level 1 DOM (left side) shows only one column of bid volume and one column of ask volume at the best price.


Level 2 DOM (Full Order Book)

  • Displays multiple price levels above and below the current market.

  • Shows bid and ask sizes stacked at each level.

  • Gives insight into market depth and liquidity beyond the top of book.

  • Helps traders see where large orders are currently resting on the book.

In the screenshot, the Level 2 DOM(right side) shows bid sizes in green and ask sizes in blue across many price levels, not just the best bid and ask.

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