Series 65: Consolidated Tape

Taken from our Series 65 - NASAA Uniform Investment Advisor Law Exam

Definition of the term Consolidated Tape...

an electronic system that reports continuous, real-time data on trading volume and price for exchange-traded securities. Round lot exchange-listed equity security trades, but not odd-lot sales, are reported on the consolidated tape. It is called the “consolidated” tape because it consolidates trade information of listed securities from every exchange in the country.

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