Consolidated Tape


DEFINITION of 'Consolidated Tape'

An electronic program that provides continuous, real-time data on trading volume and price for exchange-traded securities. Through the consolidated tape, numerous major exchanges, including the Nasdaq, the Chicago Board Options Exchange and the New York Stock Exchange, report their trades and quotes. Securities often trade on more than one exchange, and the consolidated tape reports a security's trading activity for all of these exchanges, not just its primary exchange.

BREAKING DOWN 'Consolidated Tape'

The consolidated tape was introduced in 1975 and is overseen by the Consolidated Tape Association. Consolidated tape data come from two major networks, which are administered by the NYSE (Network A) and NYSE Amex (Network B). Network A reports trades for securities listed on the NYSE while Network B reports trades from regional exchanges, electronic communication networks and the PHLX options exchange.

  1. Ticker Tape

    A computerized device that relays financial information to investors ...
  2. Long Tail

    In business, long tail is a phrase coined by Chris Anderson, ...
  3. Execution

    The completion of a buy or sell order for a security. The execution ...
  4. Print

    The execution of a trade. The term print originates from the ...
  5. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  6. Display Book

    A detailed tracking tool used on market exchanges that displays, ...
Related Articles
  1. Investing Basics

    Understanding The Ticker Tape

    We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen.
  2. Options & Futures

    Translating Ticker Talk

    Stock tickers can say a lot about a company in just a few letters. Find out how to read them.
  3. Fundamental Analysis

    The History Of Information Machines

    Discover how technology changed the way we exchange information when trading.
  4. Markets

    Reading Financial Tables Tutorial

    Learn about six common types of financial tables and figure out how to interpret them.
  5. Investing News

    6 Signs You Are Addicted To Investing

    An addiction to trading can ruin your life and relationships. Not to mention the monetary costs. There are telltale signs that you've gone too far.
  6. Investing

    Hetty Green: Invest Like the Richest Woman in the World

    Investors would be wise to emulate the approach to the markets that Hetty Green used to grow her fortune.
  7. Investing News

    Tuesday Intel: More Volatility Ahead

    Yesterday started the week with a dose of fear as the VIX shot up by almost 17 percent. The index has been consistently trending higher almost doubling its current value in late August.
  8. Trading Strategies

    How to Day Trade Sector ETFs Every Day

    Sector ETFs provide a liquid asset that day traders can trade each and every day. Here's how to find which sector ETFs to day trade and what to watch for.
  9. Trading Strategies

    Picking The Right Algorithmic Trading Software

    Willing to enter the tech-savvy world of algorithmic trading? Here are some tips to picking the right software.
  10. Trading Strategies

    Marijuana Penny Stocks: Where Risk Meets Sin

    Marijuana producers and users, working in a market that's still illegal in many states, are a risky but promising bet for investors.
  1. What are the advantages and disadvantages of listing on the Nasdaq versus other stock ...

    The primary advantages for a company of listing on the Nasdaq exchange are lower listing fees and lower minimum requirements ... Read Full Answer >>
  2. Is it better practice to use a stop order or a limit order?

    Both stop orders and limit orders have their advantages and disadvantages; traders need to decide between the two based on ... Read Full Answer >>
  3. How do day traders capture profits from the difference between bid and ask prices?

    Day traders capture profits from the difference between bid and ask prices by scalping stock. Sensing that a stock is going ... Read Full Answer >>
  4. How is buying on margin regulated by the Securities and Exchange Commission (SEC)?

    The Federal Reserve Board and the Financial Industry Regulatory Authority (FINRA) regulate buying on margin to a greater ... Read Full Answer >>
  5. Why is the Vortex Indicator (VI) important for traders and analysts?

    Doug Siepman and Etienne Botes developed the vortex indicator to anticipate reversals in price trends. They believed that ... Read Full Answer >>
  6. When do stock market exchanges close?

    Closing times for stock market exchanges vary, but they generally close in the evening except on holidays. A stock market ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Zero-Sum Game

    A situation in which one person’s gain is equivalent to another’s loss, so that the net change in wealth or benefit is zero. ...
  2. Capitalization Rate

    The rate of return on a real estate investment property based on the income that the property is expected to generate.
  3. Gross Profit

    A company's total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company ...
  4. Revenue

    The amount of money that a company actually receives during a specific period, including discounts and deductions for returned ...
  5. Normal Profit

    An economic condition occurring when the difference between a firm’s total revenue and total cost is equal to zero.
  6. Operating Cost

    Expenses associated with the maintenance and administration of a business on a day-to-day basis.
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!