Series 24: National Best Bid And Offer (NBBO)

Taken from our Series 24 Online Guide

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):

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Solomon Exam Prep Study Materials for the Series 24
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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