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Market Best Bid or Best Offer

The best bid or offer price on the simple order book on an exchange. The best price is usually associated...

MBBO

It stands for market best bid or best offer; the best bid or offer price on the simple order book...

Voice Brokered Market

A market that exists over the phones where brokers (known as voice brokers) negotiate transactions (such as over-the-counter derivatives deals)...

Name Passing Broker

A broker who facilitates transactions between buy and sell sides and pass the names to both sides in order to...

Name Passing

The role that is assumed by a name-passing broker where quotes are supplied on request to counterparties to bilateral transactions...

NGU

It stands for name give-up; a practice where the identities of market participants (traders) are disclosed during post-trade processing (after...

Name Give-Up

A practice where the identities of market participants (traders) are disclosed during post-trade processing (after a trade has been matched)-...

Voice Broking

An inter-dealer broking that is carried out (mainly for OTC contracts: OTC derivatives) via voice transmitting medium including telephone, instant...

Voice Brokerage

An inter-dealer brokerage that is carried out (mainly for OTC contracts: OTC derivatives) via voice transmitting medium including telephone, instant...

Voice Broker

A broker/ agent who assumes the role of a transaction match maker- bringing market participants together, typically financial intermediaries, seeking...