6.3. Away Market Best Bid and Offer (ABBO)
6.3.1. The ABBO is defined as the Best Bid and Offer prices as represented by an aggregation of relevant European Order Books as defined by Turquoise. An external market’s Best Bid and Offer will only be part of the ABBO when that market is in Continuous Trading. Turquoise will advise for each security which external markets will be included in ABBO by a Market Notice and on the Turquoise Website. Turquoise will provide a reasonable period of notice prior to implementing any change.
6.3.2. If there are no orders in the relevant European Order Books as defined by Turquoise or if the markets are closed the ABBO is deemed to be undefined.
6.3.3. The ABBO can be set in smaller tick sizes than Turquoise tick size.
In other words, it's the best price from all other exchanges. Ie, NBBO minus this exchange.
answered Jul 11, 2012 at 18:53 chrisaycock chrisaycock 9,877 3 3 gold badges 39 39 silver badges 111 111 bronze badges $\begingroup$Well it's the best away from the market quote on the bid and ask side. Or put in terms of level 2 quotes, the highest bid below the top level and the lowest ask above the top level.
answered Jul 11, 2012 at 16:41 995 8 8 silver badges 17 17 bronze badgesTo subscribe to this RSS feed, copy and paste this URL into your RSS reader.
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