Introduction to National BBO Market Data (NBBO-LV1)

National BBO market data consolidates the best bid and offer prices from 16 major U.S. exchanges and supplemental FINRA TRF OTC data. The "best bid" is the highest price that a buyer is willing to pay for a security, while the "best offer" (or ask) is the lowest price at which a seller is willing to sell. Together, these prices form the National Best Bid and Offer (NBBO), providing a snapshot of the most competitive market prices available.

Exchanges Covered by NBBO Quotes

The National BBO Quotes encompass a wide range of exchanges, ensuring a comprehensive view of the market:

Cboe BYX Exchange, Inc.

Cboe BZX Exchange, Inc.

Cboe EDGA Exchange, Inc.

Cboe EDGX Exchange, Inc.

Investors Exchange LLC

Long-Term Stock Exchange, Inc.

Members Exchange

MIAX Pearl, LLC

Nasdaq BX, Inc.

Nasdaq PHLX LLC

Nasdaq Stock Market LLC

New York Stock Exchange LLC

NYSE American LLC

NYSE Arca, Inc.

NYSE Chicago, Inc.

NYSE National, Inc.

Financial Industry Regulatory Authority, Inc.