National Best Bid and Offer definition

National Best Bid and Offer or “NBBO” means the best bid and best offer of at least one Board Lot displayed on all protected marketplaces, but does not include Basis Orders, Call Market Orders, Closing Price Orders, Market-on-Close Orders, Opening Orders, Special Terms Orders or Volume-Weighted Average Price Orders.
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National Best Bid and Offer means the highest displayed bid and the lowest display offer in the order book.
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Examples of National Best Bid and Offer in a sentence

  • 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.

  • In the absence of a price from a pricing service, securities are valued at their respective fair values in accordance with policies approved by the Valuation Committee of the Trust.Exchange traded options are valued at the composite price, using the National Best Bid and Offer quotes (“NBBO”).

  • Exchange traded options, including options written, are valued at the composite price, using the National Best Bid and Offer quotes (“NBBO”).

  • No advance, use of proceeds or other transaction contemplated by this Agreement will violate Anti-Corruption Laws or applicable Sanctions.

  • Exchange traded options are valued at the composite price, using the National Best Bid and Offer quotes (“NBBO”).

  • The QCC Order must be executed at a price at or between the National Best Bid and Offer and be rejected if a Customer order is resting on the Exchange book at the same price.

  • I understand that You fulfill my fractional order for national exchange-listed securities (“NMS Securities”) entirely out of Your inventory and without purchasing or selling shares in the market (“Inventory Fulfillment”); you will endeavor to price such shares or fractional shares at a price between the National Best Bid and Offer (“NBBO”) at the time of the order for orders made during market hours.

  • The existence of real-time quote data gives market participants information about the likely prices and quantities available in the market before they make their trading decisions.3Market data is not just used by traders: after orders have been routed, market data is used by exchanges and other trading venues (such as dark pools) to ensure the executions in those “unlit” venues occur at or within the current National Best Bid and Offer (“NBBO”), which is generally required by SEC rules.

  • In the absence of a price from a pricing service, securities are valued at their respective fair values as determined in good faith by the Valuation Committee.Exchange traded options are valued at the composite price, using the National Best Bid and Offer quotes (“NBBO”).

  • Over-the-counter swap contracts are valued based on quotes received from independent pricing services or one or more dealers that make markets in such investments.Option contracts are valued using the National Best Bid and Offer price (“NBBO”).

Related to National Best Bid and Offer

  • exempt market dealer means a person or company registered in the category of exempt market dealer;

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • Qualified Marketmaker means an entity that (a) holds itself out to the public or the applicable private markets as standing ready in the ordinary course of business to purchase from customers and sell to customers Company Claims/Interests (or enter with customers into long and short positions in Company Claims/Interests), in its capacity as a dealer or market maker in Company Claims/Interests and (b) is, in fact, regularly in the business of making a market in claims against issuers or borrowers (including debt securities or other debt).

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • Applicable Market Value has the meaning specified in Section 5.1.

  • multilateral trading facility or ‘MTF’ means a multilateral system, operated by an investment firm or a market operator, which brings together multiple third-party buying and selling interests in financial instruments – in the system and in accordance with non-discretionary rules – in a way that results in a contract in accordance with Title II of this Directive;