Finance:Consolidated Tape System
The Consolidated Tape System (CTS) is the United States electronic service, introduced in April 1976, that provides last sale and trade data for issues admitted to dealings on the American Stock Exchange, New York Stock Exchange, and U.S. regional stock exchanges.[1][2][3]
The Consolidated Tape Association (CTA) is the operating authority for both the Consolidated Quotation System (CQS) and the Consolidated Tape System (CTS).[4]
Other countries
European Union
EuroCTP is a joint venture established in 2023 by 14 bourses, which aims to provide a consolidated tape (CT) in financial trading within the EU.[5] This forms part of the European Commission's Capital Markets Union.
United Kingdom
In July 2023, the UK's Financial Conduct Authority (FCA) announced it was setting up a 'consolidated tape' system for City traders. As well as cutting costs and improving the quality of data, the FCA said the reforms would “increase transparency and access to trading data”. The consolidated tape system is to be set up initially for the UK's bonds market followed by equities. A competitive tender process is to be opened up that would see a single firm providing the CT for bonds. [6]
See also
- Securities Information Processor
- Market data
- National market system plan
- Ticker tape
References
- ↑ Haram, William (July 1978). "The Evolution of the National Market System—An Overview". The Business Lawyer (American Bar Association) 33 (4): 2275–2301.
- ↑ "Consolidated Tape". Security and Exchange Commission. https://www.sec.gov/fast-answers/answersconsolthtm.html.
- ↑ "Consolidated Tape". New York Stock Exchange. https://www.nyse.com/data/cta.
- ↑ New York Stock Exchange. "CTA". NYSE Stock Data Portal. http://www.nysedata.com/cta. Retrieved 2007-08-01.
- ↑ Jones, Huw. "European bourses want to offer pan-EU share price feed to investors". Reuters. https://www.reuters.com/markets/europe/european-bourses-want-offer-pan-eu-share-price-feed-investors-2023-09-12/.
- ↑ Conchie, Charlie (2023-07-05). "FCA rips up trading tape in post-Brexit rules overhaul" (in en-GB). https://www.cityam.com/city-regulator-rips-up-trading-tape-in-post-brexit-rules-overhaul/.
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