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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...

Consolidated Best Bid and Offer

The consolidation of all national markets' best quotations (on both sides) as reflected in the calculation and dissemination of the...

Consolidated Bid and Ask Spread

The consolidation of all national markets' bid-ask spread quotations as reflected in the calculation and dissemination of the highest firm...

Pre-Routing Order

An order (buy or sell order) that is placed in the market or a venue in advance of the public...