Code Set
NBBOSourceCodeSet
| ID | 2834 |
| Type | int |
| Pedigree | Added EP253 |
Source of NBBO information.
| Name | Value | Synopsis | Elaboration | Pedigree |
|---|---|---|---|---|
| NotApplicable | 0 | Not applicable | Default if not specified. NBBO information is not applicable. NBBOEntryType(2831), NBBOPrice(2832), and NBBOQty(2833) must be omitted. | Added EP253 |
| Direct | 1 | Direct | Information is retrieved directly from an exchange or other electronic execution venue. There may be a performance advantage compared to retrieving the information from a source consolidating multiple feeds. | Added EP253 |
| SIP | 2 | Securities Information Processor | The Securities Information Processor (SIP) links the U.S. markets by processing and consolidating all protected bid/ask quotes and trades from every trading venue into a single, easily consumed data feed. | Added EP253 |
| Hybrid | 3 | Hybrid | A combination of two or more data feeds is used as NBBO source. In the context of US CAT this is used for a combination of direct and SIP feeds. | Added EP253 |
Used in groups:
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