Examples of Best Bid in a sentence
The Purchase Price for the Common Stock identified in the Put Notice shall be equal to ninety-three percent (93%) of the lowest closing Best Bid price of the Common Stock during the Pricing Period.
For options with a National Best Bid (“NBB”) greater than $0.25 the System will reject an incoming limit order from a Market Maker or an EEM that has a limit price equal to or less than the NBB by the lesser of (i) $2.50, or (ii) 50% of the NBB price.
The term “Top of Book” shall mean the best-ranked order to buy (or sell) in the MEMX Book as ranked pursuant to Rule 11.9. “MEMX Best Bid and Offer” or MBBO is synonymous with Top of Book as defined.
The order protection rule eliminated the possibility of orders being executed at a suboptimal price compared to orders advertised on exchanges and it established the National Best Bid and Offer (NBBO) requirement that mandates brokers to route orders to venues that offer the best displayed price.
Definitions ABBO or Away Best Bid or OfferThe term “ABBO” or “Away Best Bid or Offer” means the best bid(s) or offer(s) disseminated by other Eligible Exchanges (defined in Rule 1400(g)) and calculated by the Exchange based on market information received by the Exchange from OPRA.