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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...

Market Best Bid or Best Offer

The best bid or offer price on the simple order book on an exchange. The best price is usually associated...

MBBO

It stands for market best bid or best offer; the best bid or offer price on the simple order book...

Order Protection

The process whereby an order searches all available venues for the best price (whether best bid or best offer). This...