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NBBO

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AcronymDefinition
NBBONational Best Bid and Offer
NBBONational Bank Business Outlook (survey; New Zealand)


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In the pre-Reg NMS world, block trades could print outside the NBBO (National Best Bid and Offer), trading through the ask price in an aggressive buy or through the offer for an aggressive seller.
When an order is sent out, the C3 Database allows you to capture the order information, NBBO, and top levels of the order book simultaneously.
The enhancements to these already robust trading platforms provide the sell-side with truly industry-leading trading functionality and are indicative of the rapidly changing nature of the equities marketplace, most notably the proliferation of algorithmic trading and sourcing more liquidity within the NBBO spread.
 
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