When the market trades lower to a price point in which
the prevailing bid price is the same as the limit price of the order, then the investor / trader's order is at the bid, signifying a willingness to buy.
Marketable limit orders (i.e., buy limit orders priced higher than the prevailing offer price or sell limit orders priced lower than
the prevailing bid price) will trade much like market orders, increasing the certainty of execution without the risk of the order trading at a price outside of an investor's acceptable range.
Not exact matches
How it's measured: Percentage of shares executed at
prices better than the
prevailing National Best
Bid or Offer (NBBO), i.e., either below the best offer for buys or above the best bid for sel
Bid or Offer (NBBO), i.e., either below the best offer for buys or above the best
bid for sel
bid for sells.
In this case, the
bid price is irrelevant, because the investor / trader is willing to pay whatever the
prevailing market
price sellers are asking.