How to Get Level II Nasdaq Quotes
If Level II quotes would help strengthen your trading routine, thinkorswim from Charles Schwab may have
the tools you need. On its flagship trading platform, the brokerage firm
provides free Level II data, including Nasdaq TotalView, on thinkorswim desktop, web, and mobile.
The thinkorswim platform suite is available to Schwab clients at no charge.
Free Level II Quotes
Level II is built into thinkorswim, and
Nasdaq TotalView access is free for non-professional users.
The thinkorswim platform is now available at Schwab for brokerage accounts; simply sign in with the same login credentials you use for Schwab’s website.
Get Free Level 2 Data
Get thinkorswim platform and $0-fee trades at Charles Schwab.
Open thinkorswim Account
Finding the Level II Window
Finding the Level II window on thinkorswim may take a little looking around. It does not appear by default, so you need to open it from the correct launch point, which depends on the thinkorswim version you are using. The software is available in three formats: desktop, mobile app, and browser platform.
On the desktop program, there is a plus sign (+) in the bottom-left corner. Click on the plus sign to pull up a menu of various tools. In the menu, there is a link for Level II quotes. Click on this link to create a window in the left-hand vertical pane with Level II quotes; you will need to enter a ticker symbol.
The Level II window can be adjusted in several ways. A drop-down menu includes three data sets:
Level II,
NASDAQ Full Book, and
BATS/EDGE Full Book.
An order ticket can be started directly from the Level II window. Click a bid or ask price to populate thinkorswim’s order ticket. Clicking a
bid price creates a sell order, while clicking an
ask price creates a buy order. The order size shown in Level II represents the actual number of available shares or contracts.
In addition to a Level II window, the plus sign includes a link to Market Depth, which is similar to Level II data.
On the mobile app, Level II quotes will be found, not surprisingly, on the Level II tab on an asset’s profile. To get to the profile, enter the ticker symbol in the search field, accessed through the magnifying-glass icon, or head to a watchlist and tap on an entry. Either route produces the same profile. Scroll to the right through the main menu to get to the Level II tab. Level II quotes on mobile are available with subscription and only on certain symbols. Tap on a price to fill the app’s order ticket. Color-coded histograms on either side show bid and ask volumes; these can be turned off if desired.
On the web-browser platform, click on either the Trade or Charts tab that appears in the vertical left-hand menu. In the middle of the screen, you’ll see another vertical menu with some tabs, one of which is for Level II. Click on this tab to pull up a vertical list of bid and ask numbers across several ECNs. As usual, clicking on a bid or ask price fills the order ticket with a limit order at the price selected. Near the Level II tab is a tab for time & sales data.
Free Level 2 Quotes
Get thinkorswim platform and $0-fee trades at Charles Schwab.
Open thinkorswim Account
Practicing with Level II Data
Because thinkorswim includes simulated trading, practicing with Level II quotes on thinkorswim platforms is easy. The paperMoney® software application uses hypothetical funds for simulated trading, so there is
no real-money risk.
Updated on 9/17/2026.
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