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What is Level 2 Market Data?

We’ve partnered up with EGID to bring you Level 2 market data through our Racer subscription plan.

A little background:

At its core, the stock market functions like a big auction house; Where buyers and sellers place orders to make trades. 

An order is only executed when a Bid (price a buyer is willing to pay for a certain volume of a security) matches an Ask (price a seller is willing to sell a certain volume of a security at).

When a match happens, it becomes a trade and moves from the Bids and Asks Table to the Stock Price Performance chart. This chart represents all executed trades on that stock.

When you’re about to place a trade you want to gauge the availability for a stock at a certain price. 

Level 2 Market Data:

Level 2 Market Data shows the real-time bids and asks for any security.

That means you get to see all prices buyers are willing to pay to buy a certain quantity of a security and also all prices sellers are willing to sell certain quantities of the same security at.

This helps you better determine the supply and demand for this security at different prices.

Without Level 2 market data you only get to see the best bid and best ask. Which is the highest price a buyer is willing to pay for a certain quantity of a security (best bid) and lowest price a seller is willing to sell a certain quantity of a security at (best ask).

A practical example:

So, let’s say you want to buy 1,000 stocks of CIB at market price. If you have level 1 market data, you will only see the best bid and ask prices and volumes.

  • Best Bid: 300 shares at EGP 69
  • Best Ask: 600 shares at EGP 71

This means if you place a market order, you will buy the first 600 shares for EGP 71. But, what about the remaining 400 shares? You will have no idea how much they will cost you. With level 2 market data, you get to see the available quantities that are next on the list and more.

What does this look like?

To help visualize this better you get to see all the orders on an in-depth chart. 

The depth chart has two lines, one for Bids (Limit Buy orders) shown in green and one for Asks (Limit Sell orders) shown in red. The highest point on the right shows the Total Asks and the highest point on the left shows the Total Bids. 

The Y-axis represents the aggregate number of shares available at a particular price. This shows you the volume of the orders that will be executed before you reach a particular price point that you choose. 

The list you see under the graph is the list of top ten bids and asks set prices and their corresponding volumes. 

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Protected: Introducing Managed Funds

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How to: Upgrade your security

Before you can access your trading account it is important to upgrade your security.

This is done in a few simple steps that you can find here.

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thndr

How to: Fund your Thndr Account

In order to start to trading you’ll need to fund your Thndr trading account.

Here’s an easy to follow video that takes you through the needed steps to fund your trading account and make withdrawals.

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thndr

Thndr 101

How to: open your Thndr trading account

This image has an empty alt attribute; its file name is How-to_-Open-your-Thndr-trading-account-1024x576.png

The first step towards trading on Thndr is to fill in your account opening form and submitting your documents for verification. This article is made to help you through this process.

How to: fund your Thndr account

The first step towards trading on Thndr is to fill in your account opening form and submitting your documents for verification. This article is made to help you through this process.

How to: upgrade your security

Before you can access your trading account it is important to upgrade your security. This is done in a few simple steps that you can find here.

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thndr

How to: Open your Thndr trading account

The first step towards trading on Thndr is to fill in your account opening form and submitting your documents for verification. This article is made to help you through this process.

In order to complete your form, you’ll need to upload your documents. Here’s a little guide to help make sure you complete submit your documents successfully.

Document needed

  • National ID 
    • Make sure your document is not expired 

Tips for uploading your document

  • Make sure the image you upload is of the whole document  (no parts out of frame)
    • One image for the front of your National ID   
    • Another image for the back of your National ID 
  • Make sure the image uploaded has no glare
  • Make sure all the information on your document is clear, no parts are broken and all information is clearly visible

Now that you’ve uploaded your documents successfully just follow the instructions for your liveness check. 

They should look something like this.

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thndr

Investing in Egypt made easy

We believe that saving through investing is the right and sensible thing to do. But, we know that investing in the stock market could seem daunting to new investors. We also know that existing trading platforms usually have complex interfaces and have been slow to adapt to new technologies. 

Today we are thrilled to announce that there’s a new way to invest in the Egyptian Stock Market – thndr! 

What is thndr? 

thndr is a mobile-first equities trading platform that is designed to make investing easy for both green and expert investors alike. 

With thndr you can invest commission free in all of your favorite companies listed on the Egyptian Stock Market. 

What makes thndr different to other trading platforms?

Other than commission free investment, thndr’s entire experience is designed around your smartphone. Our technology helps make account opening and funding processes easy. There’s no need to meet any brokers or visit any branches—Our account setup is done in a few simple steps. Similarly, our funding process is seamless.

We’ll help you step up your investment knowledge with educational tools powered by our inhouse team of seasoned professionals. You’ll also get access to the latest news, and market data powered by EGID, a joint venture between EGX and NASDAQ that is the official provider of the Egyptian Stock Market data.

What about security? 

Your security is of the utmost importance to us, that’s why we use industry-leading multi-factor authentication to make sure that all of your data and transactions are fully secured. 

When can I try it? 

Right away! thndr is available for download on the App Store and Google Play.  

What’s next? 

As soon as you download the app you’ll find that trading is currently in a virtual environment that is a replica of what is happening in the real world. You can start adding stocks you want to follow to your watch list, viewing market data, following the latest news, brushing up on your investment skills in our learn section, and making virtual trades. 

As you get used to the app and learn more about thndr, we’ll be working hard on making sure that your trading experience in the real market is as reliable and as easy to navigate as can be. You’ll be getting another update about that really soon. 

We can’t wait to open up the market to a whole new wave of investors! 

Your friends, 

The thndr team

Download the app

Visit our website