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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...

Subject Quotation

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

Subject Offer

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

Subject Quote

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

Firm with Recall Quote

A firm quote (aka, bona fide quote) that will be firm (i.e., be holding) for a specified period, usually an...