Series 65: Consolidated Tape

Consolidated Tape

The consolidated tape, introduced in 1975, provides continuous, real-time data on trading volume and price for exchange-traded securities. Round lot exchange-listed equity security trades must be reported on the consolidated tape within 30 seconds. Odd lot sales are not reported to the tape. It is called the “consolidated” tape, because it consolidates trade information of listed securities from every exchange in the country. The place where the trade took place is not indicated on the tape.

Trades on the floor of the exchange, as well as all OTC trades, must be reported within