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Message: Level 2 - Third party data feeds

In general, if you are investing in JRs, a L2 quote is imperative. If you generate enough commissions in your discount broker account, they will provide you with a L2 data feed. However, the amount you need to trade to get a free data feed is a lot and it may be cheaper to pay for a 3rd party feed. There are also some accounts which will provide data feeds if your account balance is over a certain balance.

Therefore, if you need an L2 data feed, I suggest you get a free trial from either:

www.quotestream.com or www.stockwatch.com

Each of the above services have their pros and cons. What I have found is that Quotestream has a much more professional look and feel to it and it gives you time stamps for each order entry. Stockwatch on the other hand has much better analytics for researching companies.

Again, the free trials are a good way to figure out what suits your needs. Monthly costs will run you about $100 in either case for full TSXV Level 2 and Market Book.

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