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.
National Best Bid and Offer means the highest displayed bid and the lowest display offer in the order book.

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”).

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

  • 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 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.

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

  • 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

  • Best Bid means the highest posted bid price of the Common Stock.

  • Competitive Local Exchange Carrier (CLEC)” means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Preadoptive placement which shall mean the temporary placement of an Indian child in a foster home or institution after the termination of parental rights, but prior to or in lieu of adoptive placement; and

  • Competitive Local Exchange Carrier (CLEC) means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Riskless principal transaction means a transaction in which a dealer buys a security from any person and makes a simultaneous offsetting sale of such security to a qualified institutional buyer, including another dealer acting as riskless principal for a qualified institutional buyer.

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

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.

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

  • Applicable Securities Legislation means applicable securities laws (including rules, regulations, policies and instruments) in each of the applicable provinces and territories of Canada;

  • Capacity Market Buyer means a Member that submits bids to buy Capacity Resources in any Incremental Auction.

  • Generating Market Buyer means an Internal Market Buyer that is a Load Serving Entity that owns or has contractual rights to the output of generation resources capable of serving the Market Buyer’s load in the PJM Region, or of selling energy or related services in the PJM Interchange Energy Market or elsewhere.

  • Reference Market-makers means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city.

  • Local Exchange Carrier or "LEC" means any Carrier that is engaged in the provision of telephone Exchange Service or Exchange Access. Such term does not include a Carrier insofar as such Carrier is engaged in the provision of a commercial mobile service under Section 332(c) of the Act, except to the extent that the FCC finds that such service should be included in the definition of such term.

  • Adoptive placement means arranging for the care of a child who is in the custody of a

  • Qualified Marketmaker means an entity that holds itself out to the public or applicable private markets as standing ready in the ordinary course of business to purchase from customers and sell to customers claims against the Company, in its capacity as a dealer or market maker in claims against the Company.

  • Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids

  • Open Market Purchase shall have the meaning specified in Section 2(I)

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

  • multilateral trading facility (MTF means a multilateral system in the Union within the meaning of Article 2(1)(6) of Regulation[MiFIR].

  • Data Local Exchange Carrier or "DLEC" is a CLEC interconnecting primarily for purposes of transporting data.

  • Local Exchange Carrier (LEC) Shall have the meaning set forth in 47 U.S.C. §153. Local Exchange Routing Guide (LERG): The Telcordia Technologies reference customarily used to identify NPA-NXX routing and homing information, as well as equipment designation. Local Interconnection Trunk or Local Interconnection Trunk Group: One-way or two-way trunks or trunk groups used to exchange Local Traffic between a switch of one Party and a switch of the other Party.

  • Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).

  • Reference Market-Maker means a leading dealer in the relevant market that is selected in a commercially reasonable manner and is not an affiliate of either party.

  • 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;

  • Secondary Market Transaction shall have the meaning set forth in Section 11.1 hereof.