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Asset Class
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Data Type
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Region
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Delivery Mechanism
National Best Bid Offer (NBBO)
The NBBO feed is the official national best bid offer for supported countries. This is defined as the Consolidated Tape in the US and in Canada. The NBBO is a Level 2 quote dataset offering a tick-by-tick view of the order book, aggregated by price level. It provides an in-depth understanding of historical market activity across global exchanges and asset classes (where supported), enabling users to analyse activity to make more informed trading decisions.
Product Overview:
- Historical feed, showing the aggregated by price across all applicable venues, aggregated by price.
- Millisecond timestamps, derived directly from matching engine timestamps.
Example Use Cases:
- Buy-side - TCA Benchmarking and Best Execution.
- Sell-side - TCA Benchmarking and Best Execution.
- Exchanges - Venue price & liquidity quality analysis.
Product Description:
- Asset Classes: Equities and ETFs
- Coverage: Americas
- Data available from: 2015
- Delivery mechanisms: API / Azure Storage / S3 / SFTP / Snowflake
- Available via: BMLL Data Feed and BMLL Data Lab