At Saxo Bank all equities trade on actual market data from the stock exchanges. A subscription to the individual exchange is required to receive and trade on real-time market data.
A subscription to live price data from an exchange provides access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from that exchange.
An Online Subscription Tool is available on the trading platform. This tool provides you with a list of available exchanges and news services alongside the applicable monthly fees. You will be able to subscribe and unsubscribe to the services of your choice. Further information can be found in the Subscription Tool guide, which is also available on the trading platform.
Level 1 or Level 2 data?
Level 1 price data refers to the first level of the order book on the exchange. With a Level 1 subscription you can see live, streaming, bid and offer prices.
With a Level 2 price data subscription you can see live, streaming prices as with Level 1 but in additioan to this you can view the market depth of bid/offer prices and the amounts available at each price point.