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Not all quote or transaction data are available from a single provider. The quotes and trades of Cboe and NYSE listed securities are consolidated in line with the
Consolidated Tape Association (CTA). The Consolidated Tape Association distributes trades and quotes across the Consolidated Tape System
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The securities listed on Nasdaq can be quoted and traded from any US exchange. Trades and quotes on these securities are distributed on two separate feeds, the UTP Quotation Data Feed (UQDF) and the UTP Trade Data Feed (UTDF).
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The NMS Plan regulates the UTP and
Consolidated Tape Association (CTA) networks. The particulars for executing the regulation requires real-time reporting of transactions and their volumes, prices, and auditing details.
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Nasdaq established the UTP Plan to outline the consolidation and distribution of data through one centralized resource called the
Securities Information Processor (SIP).
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130:(CTS) and the Consolidated Quote System (CQS) feeds. The CTA and CQS are listed across two tapes – A and B. UTP is tape C.
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and other securities that do not meet the requirements for listing on an exchange.
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375:"Level 2 market data: What level supports your trading strategy?"
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112:. These feeds are considered level 1 or the top-of-book.
162:The current participants of the UTP Plan include:
303:"UTDF and UQDF: The Basics of Nasdaq's SIP Feeds"
134:Market data fees for the UTP (Tape C) network
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97:Acquisition and distribution of market data
108:UQDF provides traders a direct view of an
66:Learn how and when to remove this message
29:This article includes a list of general
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192:Financial Industry Regulatory Authority
142:Feed or Internet/Indirect Access: $ 500
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139:Co-location/Direct Access: $ 2,500
35:it lacks sufficient corresponding
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351:"SCHEDULE OF MARKET DATA CHARGES"
116:National Market System (NMS) plan
269:Securities Information Processor
87:Securities Information Processor
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151:Display (per 20 devices): $ 480
326:Oliver Abramson (2019-08-07).
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274:Consolidated Tape Association
79:Unlisted Trading Privileges
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89:for securities listed on
202:Long-Term Stock Exchange
237:New York Stock Exchange
148:Redistribution: $ 1,000
50:more precise citations.
284:Financial data vendors
145:Non-display: $ 3,500
328:"UTP Data Policies"
227:Nasdaq Stock Market
212:MIAX Pearl Equities
197:Investors' Exchange
182:Cboe EDGX Exchange
177:Cboe EDGA Exchange
172:Cboe BZX Exchange
167:Cboe BYX Exchange
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382:. Retrieved
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356:. 2018-09-17
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257:NYSE Chicago
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158:Participants
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279:Market data
222:Nasdaq PHLX
125:UTP and CTA
48:introducing
384:2019-12-23
360:2019-12-23
336:2019-12-23
312:2019-12-23
290:References
232:Nasdaq ISE
56:April 2020
31:references
242:NYSE Arca
217:Nasdaq BX
398:Category
263:See also
44:improve
404:Nasdaq
91:Nasdaq
33:, but
379:Exegy
354:(PDF)
331:(PDF)
307:Exegy
110:NBBO
83:UTP
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