Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
What is NBBO (National Best Bid and Offer)?
Expert Solution
Meaning
National Best Bid and Offer refers to regulation related to the Securities Exchange Commission (SEC) which requires brokers to execute trades at best available ask price when buying securities and at the best available bid price while selling them. The SEC requires that brokers should offer their customers this price.
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