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In addition to processing the transactions themselves, these plans also emit the price, volume data, and regulatory auditing information for these transactions. Information on each securities trade is sent to a central network at the
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securities and provides two feeds: the
Consolidated Quotation System (CQS) for quotes and, the NBBO, and the Consolidated Tape System (CTS) for trades.
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There are three major tapes in the United States: Tape A and Tape B (which together are called the "Consolidated Tape"), and Tape C.
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securities and provides two feeds, the UQDF for quotes and the NBBO and the UTDF for trades. Tape C contains stocks listed on
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transactions in real-time. In the United States, national market systems are governed by section 11A of the
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98:(SIAC) where it is then distributed, consolidated with other trades on the same "tape".
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221:"SEC Approves Consolidated Audit Trail to Detect Market Manipulation"
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provides trade and quote information for all U.S. options exchanges.
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may be too technical for most readers to understand
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96:Securities Industry Automation Corporation
82:) is a structured method of transmitting
59:Learn how and when to remove this message
43:, without removing the technical details.
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41:make it understandable to non-experts
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133:, and is overseen by the UTP Plsn.
298:. You can help Knowledge (XXG) by
294:This finance-related article is a
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143:Options Price Reporting Authority
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165:Securities information processor
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88:Securities Exchange Act of 1934
251:"National Market System Plans"
227:. Dow Jones & Company, Inc
219:Michaels, Dave (15 Nov 2016).
195:"The Consolidated Audit Trail"
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73:national market system plan
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155:Consolidated Tape System
247:National Stock Exchange
225:The Wall Street Journal
125:The UTP SIP handles
109:The CTA SIP handles
278:Limit Up/Limit Down
345:Financial markets
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160:Ticker tape
49:August 2014
339:Categories
261:2007-08-01
181:References
84:securities
137:OPRA Plan
175:CTA Plan
170:UTP Plan
149:See also
121:UTP Plan
105:CTA Plan
35:Please
231:31 May
204:31 May
131:NASDAQ
127:Tape C
115:Tape B
111:Tape A
296:stub
233:2017
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141:The
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