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MBBO

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

Voice Brokered Market

A market that exists over the phones where brokers (known as voice brokers) negotiate transactions (such as over-the-counter derivatives deals)...

Name Passing Broker

A broker who facilitates transactions between buy and sell sides and pass the names to both sides in order to...

Name Passing

The role that is assumed by a name-passing broker where quotes are supplied on request to counterparties to bilateral transactions...

Hybrid Market

A market (market setting) that provides voice brokerage and electronic brokerage services. It is an exchange that provides traders with...

NGU

It stands for name give-up; a practice where the identities of market participants (traders) are disclosed during post-trade processing (after...

Name Give-Up

A practice where the identities of market participants (traders) are disclosed during post-trade processing (after a trade has been matched)-...

Voice Broking

An inter-dealer broking that is carried out (mainly for OTC contracts: OTC derivatives) via voice transmitting medium including telephone, instant...

Voice Brokerage

An inter-dealer brokerage that is carried out (mainly for OTC contracts: OTC derivatives) via voice transmitting medium including telephone, instant...

Voice Broker

A broker/ agent who assumes the role of a transaction match maker- bringing market participants together, typically financial intermediaries, seeking...