National Best Bid and Offer (NBBO)
The NBBO is the inside market across all national markets and exchanges.
Example: Imagine the following information is displayed in Nasdaq Single Book, Level II Screen, for Microsoft (MSFT):
|
|
BID
|
ASK
|
SIZE
|
|
Market Maker A
|
20.25
|
21.50
|
10 – 20
|
|
Market Maker B
|
19.75
|
22.25
|
20 – 20
|
|
Market Maker C
|
20.10
|
|
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