A consolidated tape (CT) is a mechanism that aggregates data on the price and sales volume of securities from a number of trading venues. Having access to this data allows investors to monitor market liquidity and make informed investment decisions. A CT also acts as a valuable risk and control
Consolidated Tape – New rules in the US and the EU

Attempts to reform market microstructure include changes to the consolidated tape in the US and moves to enable the emergence of a consolidated tape in the EU and UK.
