3 ms·
That's literally a contradiction. Look up what NBBO actually means.
by Blackthorn 9y ago
That's literally a contradiction. Look up what NBBO actually means.
- wocram 9y agoIt's actually more complicated, nbbo governs quotes but there are a few other things that affect your actual trade price such as exchange fees and price improvement. For example, every exchange can have the same quote, but a different liquidity fee.