Examples of National Best Offer in a sentence
For options with a National Best Offer (“NBO”) greater than $0.50 the System will reject an incoming limit order from a Market Maker or an EEM that has a limit price equal to or greater than the NBO by the lesser of (i) $2.50, or (ii) 50% of the NBO price.
For options with a National Best Offer (“NBO”) greater than $0.50 the System will reject an incoming limit order that has a limit price equal to or greater than the NBO by the lesser of (i) $2.50, or (ii) 50% of the NBO price.
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The Buy (Sell) Limit Order price is equal to or higher (lower) than the National Best Offer (Bid) and either:5 Pursuant to Paragraph (e)(iii) of Section 18 of 6 17 CFR 200.30–3(a)(12).
It is therefore unnecessary to specify the hidden attribute on aggressive Price Improvement orders with the IOC or FOK attributes.4.1 NEARPOINTA NearPoint order maintains a price relative to the National Best Bid (“NBB”) plus minimum price improvement (for a buy order) or National Best Offer (“NBO”) minus minimum price improvement (for a sell order).
Today, the Exchange operates a Market Maker Plus program for regular orders in Select Symbols 3 and Non- Select Symbols 4 that provides the below tiered incentives to Market Makers 5 based on time spent quoting at the National Best Bid or National Best Offer (‘‘NBBO’’).
However, when the Market Center posts that order, they will display it with a limit price equal to the National Best Bid for a Buy or Buy to Cover order or the National Best Offer for a Sell order.
To the extent that fractional order for a national exchange-listed security (“NMS Securities”) allocated out of our inventory Account rather than by purchasing or selling shares in the market (“Inventory Fulfillment”), we will price that portion of the fractional order at a price based on the National Best Bid and the National Best Offer (“NBBO”) at the time of execution.
Any IEX Member will be able to submit a new liquidity- providing order type, a Retail Liquidity Provider (“RLP”) order, that would only be eligible to execute against an incoming “Retail Order” from a RMO, generally at the midpoint price of the National Best Bid and National Best Offer (“Midpoint Price”).
The Market Maker Plus program is designed to incentivize Market Makers to submit quotations into ISE at the National Nest Bid or National Best Offer (‘‘NBBO’’).The Exchange believes that these quotations at the NBBO will encourage Members to submit Priority Customer orders, including Priority Customer Complex Orders, into ISE in order to earn rebates.