Which items are included in exchange generated data?

• A. Real time quote data, investment advice on exchange listed issues
• B. Bid, offer, trade and volume, Level 1 and Level 2 data, real time quote data
• C. Level 1 and Level 2 data, real time quote data, end of day bond evaluations
• D. End-of-day closing prices only

Answer: (B)

Exchange generated data is the live information produced by the trading venue as trades and quotes unfold. It includes bid and offer prices, the actual trades and their volumes, and the real-time quote stream. It also covers market depth, shown as Level 1 and Level 2 data, which reveal the best quotes plus additional price levels and liquidity in the order book. This combination reflects the current state of trading activity directly from the exchange.

The other items don’t fit because they involve information not produced by the exchange itself. Investment advice is analysis from third parties, not exchange data. End-of-day bond evaluations are pricing or assessments from pricing services, not real-time exchange activity. End-of-day closing prices only provide a snapshot after the fact and omit real-time quotes and market depth.