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 National Securities Exchanges and Alternative Trading Systems, and broker-dealers trading off exchanges. Websites that provide updated market information and financial news programs on television often include trade reports from the consolidated tape.
Thinking About Investing in the Latest Hot Stock?
Read our investor alert on the significant risks of short-term trading based on social media.
What’s A SPAC?
Have you heard the term SPAC (Special Purpose Acquisition Company) referred to in financial or other news? Learn more about SPACs in our Investor Bulletin
Know the risks of day trading
Read this Director’s Take article to understand the risks of engaging in this type of speculative investing.