Consolidated Tape System (CTS)

The Consolidated Tape System (CTS) is a system that reports real-time trade data for securities listed on U.S. stock exchanges, providing a continuous stream of executed trades, including price, volume, and time of the transaction. It aggregates trade data from multiple exchanges into a single, consolidated source, giving investors and traders a comprehensive view of market activity. The CTS helps ensure transparency in stock market transactions by providing accurate and up-to-date trade information.

Example

When a trade is executed on the Nasdaq or NYSE, the details are reported through the CTS, allowing market participants to see the trade's price, volume, and time in real-time.

Key points

• The CTS provides real-time trade data for securities listed on U.S. stock exchanges.

• It consolidates trade information from multiple exchanges into a single source.

• CTS promotes transparency by offering continuous updates on executed trades, including price, volume, and time.

Quick Answers to Curious Questions

What is the role of the Consolidated Tape System (CTS)?

The CTS reports real-time trade data, including price, volume, and time, for securities listed on U.S. exchanges, ensuring market transparency.

Why is the CTS important for investors and traders?

The CTS provides up-to-date information on executed trades, helping investors make informed decisions based on real-time market activity.

What exchanges contribute to the CTS?

Major U.S. exchanges, including the NYSE, Nasdaq, and regional exchanges, contribute trade data to the CTS.