From the Commsec website :What does “NXXT” mean in course of...

From the Commsec website :

What does “NXXT” mean in course of sales?NXXT is a type of crossing or crossed trade that your broker (CommSec) reports to the ASX.An NXXT is a crossing that has occurred at the current NBBO Price (known as an “NBBO Crossing”). This type of trade typically occurs when CommSec has managed to automatically match your order with another CommSec client order through the CommSec Crossing System.NBBO stands for the National Best Bid and Offer Prices. The national best bid price is the highest price that all buyers are willing to pay for a particular stock, regardless of what trading venue it is being published on. Similarly, the national best offer price is the lowest price that all sellers are willing to accept for a particular stock.