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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...

Nominal Quote

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

Nominal Quotation

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

Subject Quotation

A quote (quotation) for a bid or offer that is subject to the market maker’s/ dealer's reconfirmation. A subject quote...

Bona Fide Quote

A displayed quote representing a bid to buy or offer to sell a specific quantity of a security (or any...

Firm for One-Half Hour with a 5 Min Recall

A quote whereby a selling dealer has to stick to the price "quoted" for one-half hour, but still has the...