MetricIntermediate
Depth of Market
syn. DOM / Level 2 / Order Book
A real-time display of buy and sell orders at various price levels, showing available liquidity at each price.
Last updated: February 1, 2026
1
Multiple LPs submit buy and sell orders at various price levels.
2
The broker's system aggregates all orders into a unified order book.
3
The DOM display shows the volume available at each price level on both bid and ask sides.
4
Traders can see not just the best price, but the liquidity depth behind it.
5
As orders are filled or canceled, the DOM updates in real time.