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Consolidated Tape

Oct. 15, 2012

Consolidated Tape

The "consolidated tape" is a high-speed, electronic system that reports the latest price and volume data on sales of exchange-listed stocks. The data reflected on the consolidated tape are generated by various market centers, including all securities exchanges, electronic communications networks (ECNs), and third-market broker-dealers. Internet sites that provide updated market information and financial news programs on television often include trade reports from the consolidated tape.

The Office of Investor Education and Advocacy has provided this information as a service to investors.  It is neither a legal interpretation nor a statement of SEC policy.  If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law.

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