The term National Best Bid refers for this greatest available bidding price, and it is just a consolidated significance from each one the federal stock exchanges. The National Best Bid could be your most price buyers want to cover a security like a stockexchange.
The National Best Bid, or even NBB, is updated during the afternoon. It gives investors with the greatest available bidding price for a certain security. This could be the maximum price a trader, or alternative prospective buyer, is ready to cover a security.
The NBB is just a consensus cost, but since the value has been consolidated from each the main exchanges in addition to market manufacturers. By way of instance, the Consolidated Quotation System (CQS) offers an online service which offers that the NBB advice for stocks traded in the New York Stock Exchange, regional trades from the United States, in addition to problems traded by the Financial Industry Regulatory Authority.
The Securities and Exchange Commission (SEC) requires brokers to make sure clients that this price. Regrettably, enforcement of this SEC’s Regulation NMS is debatable, considering that the amount and pace of trades now make it hard to establish an investor actually obtained the greatest available bid price in the trade.