Level 1 trading quotes

1. Log in Log in to Edge Web

If you’re on the ‘ACCOUNTS’ side of the Questrade website after logging in, please click “Accounts” then “Trading” from the top left navigation menu.

1. Click the “Stocks” menu button on the left
2. Enter the “Ticker symbol” for the stock or ETF you’d like to view

Tickers are short forms of company names. You can also search for the company name using the symbol lookup tool if you don’t know the ticker specifically.

Note: All tickers shown are for example, educational purposes only.

The Bid is the highest price buyers are willing to pay

The Ask is the lowest price sellers are willing to receive

You can think of the stock market as a giant auction house. Rather than a group of buyers, and one seller/auctioneer; instead there’s a large group of both buyers and sellers all around the world.

When the number of buyers increases, the Bid price also tends to rise

When the number of sellers increases, the Ask price also tends to fall

The High represents the highest traded price today of an entire board lot.

(During normal market hours between 9:30 am ET and 4:00 pm ET)

The Low represents the lowest traded price today of an entire board lot.

Highs and lows are only triggered if a trade is made for an entire board lot, a trade of 5 shares for example would not change the high or low for the day.

The Open shows what the price was at market open today (9:30 am ET)

The Prev close shows the last traded price at market close on the last trading day (4:00 pm ET)

Vol shows the volume of trading for today so far, and Avg vol shows the average amount of volume on any given day.

(Volume is amount of shares that have ‘traded hands’ since market open.

The 52 week high and 52 week low represent the highest and lowest traded prices for this security in the last calendar year.

Last trade shows the last day a trade occurred for this security. (This will usually be today’s date unless a security is halted, delisted, or has extremely low volume being traded)

Mkt cap represents the overall ‘value’ of the company. To obtain the market cap, simply multiply the last traded price by the amount of shares outstanding.

Shares shows how many shares for this security are publicly traded.

EPS or Earnings per share is also known as the ‘bottom-line’ of a company’s financials and profitability. EPS is a company’s net income (profits minus expenses) divided by the number of publicly traded shares.

For this example, in 2020 Apple’s net income was approximately ~$57.4 billion, if we divide this by the number of shares (~17 billion) we get 3.37 which is roughly equal to the EPS.

P/E is known as the price/earnings ratio, and is another important indicator of a company’s profitability & overall financial health. The basic formula to get your P/E is to divide the last traded stock price by the Earnings per share (EPS).

In this example, Apple’s last traded price was $127.81, divided by 3.28, we get our P/E of 38.96.

Yield refers to the Dividend yield for the entire year, and is a percentage of the last traded price. Dividends are generally paid quarterly, but can also be monthly, or even yearly in some cases.

The Div amount shown here in the level 1 quote is the dollar amount of the last dividend payment and is equal to the Div % of the last traded price, divided by the number of payments in a year. (127.81*0.0064)/4 = ~$0.205

The Ex-date shown here is the cutoff date that you would have to own the shares by to receive the dividend. If you purchase the shares on or after the ex-date, you will not receive the dividend.

Security type is the type of asset. This represents whether this is a stock, ETF, ADR or another more exotic type of publicly traded security.

Long and Short MR represent the margin requirement for this security. This only applies to Margin accounts specifically where you are able to ‘leverage’ or borrow funds to trade with. The margin requirement is the percentage of the investment you have to pay for to obtain it on margin by borrowing.

In this example, Apple’s margin requirement is 30%, and the last traded price is ~$127.80. Therefore to buy one share of AAPL on margin, you’d have to pay $38.34, and the remaining $89.46 would be borrowed from Questrade. You can learn more about margin and margin accounts here.

1. Download and install Edge desktop (If you haven’t already done so)
2. Open the program, and log in with your Questrade credentials
3. Click the ‘Level 1’ icon from the top navigation bar on the left side.

Click the small triangle button near the top right side of the level 1 widget, then click ‘select fields’. On the pop-up box shown you can choose to hide or show certain fields within the widget.

This can be useful to help focus on only the information that’s important to you.

At the top left, you can see the ticker symbol you’re viewing, and search for other securities by name or ticker.

Below this, you’ll see the full name of the security listed, and below that is the last traded price.

You can also see the dollar and percentage return since the start of the trading day here at the top, and also the currency this security trades in.

At the bottom of the widget, your view will change depending on if you subscribe to an enhanced, or advanced data package.

With a streaming package, it will show real-time bids, asks, and sizes, however with our default package, instead you will see a button with “Snap Quote”. When this is clicked, the price is updated to be live.

The Bid is the highest price buyers are willing to pay.

The Ask is the lowest price sellers are willing to receive.

You can think of the stock market as a giant auction house. Rather than a group of buyers, and one seller/auctioneer; instead there’s a large group of both buyers and sellers all around the world.

When the number of buyers increases, the Bid price also tends to rise.

When the number of sellers increases, the Ask price also tends to fall.

The High represents the highest traded price today of an entire board lot.

(During normal market hours between 9:30 am ET and 4:00 pm ET)

The Low represents the lowest traded price today of an entire board lot.

The Open shows what the price was at market open today (9:30 am ET).

The Prev close shows the last traded price at market close on the last trading day (4:00 pm ET).

The 52w high and 52w low represent the highest and lowest traded prices for this security in the last year.

Yield refers to the Dividend yield for the entire year, and is a percentage of the last traded price. Dividends are generally paid quarterly, but can also be monthly, or even yearly in some cases.

The Div amount shown here in the level 1 quote is the dollar amount of the last dividend payment and is equal to the Div % of the last traded price, divided by the number of payments in a year. (367.96*0.0153)/4 = ~$1.58

The Ex-date shown here is the cutoff date that you would have to own the shares by to receive the dividend. If you purchase the shares on or after the ex-date, you will not receive the dividend.

EPS is also known as the ‘bottom-line’ of a company’s financials and profitability. EPS is a company’s net income (profits minus expenses) divided by the number of publicly traded shares.

For this example, neither EPS or P/E are shown because this is an ETF security. (Group of other assets like stocks, bonds and other.) When you view a stock however, EPS and P/E will be visible.

P/E is known as the price/earnings ratio, and is another important indicator of a company’s profitability & overall financial health. The basic formula to get your P/E is to divide the last traded stock price by the Earnings per share (EPS).

Vol shows the volume of trading for today so far, and Avg vol shows the average amount of volume on any given day.

(Volume is amount of shares that have ‘traded hands’ since market open)

Tick is the latest price action, and whether or not the security has moved up or down in price from one trade to the next.

Mkt cap represents the overall ‘value’ of the company. To obtain the market cap, simply multiply the last traded price by the amount of shares outstanding.

Shares shows how many shares for this security are publicly traded.

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