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Narrow Market

A market, or a period of time within, that is participated by a low number of buyers and sellers, and...

National Best Bid and Best Offer

A quote that reports best terms available for trades at the national level- i.e., the highest bid price and lowest...

NBBO Mid-Point

The mid-point of the national best bid and offer (NBBO); an order pegged to the NBBO mid-point (pegged-to-mid-point order) allows...

NBBO Midpoint

The midpoint of the national best bid and offer (NBBO); an order pegged to the NBBO midpoint (pegged-to-midpoint order) allows...

National Best Bid and Offer

A quote that reports best terms available for trades at the national level- i.e., the highest bid price and lowest...

NBBO

It stands for national best bid and offer; a quote that reports best terms available for trades at the national...

Nominal Quote

A quote (quotation) in which a dealer offers an approximate/ indicative price for trading of securities. In other words, the...

Nominal Bid

A bid by a market participant that involves an approximate/ indicative price for trading of securities. In other words, a...

Nominal Quotation

A quote (quotation) in which a dealer offers an approximate/ indicative price for trading of securities. In other words, the...

Naked Access

A form of direct market access (DMA) that is characterized by highest level of independence, i.e., access does not require...