composite tape

composite tape definition - business

composite tape

A security price-reporting service that includes all transactions in a security on each of the exchanges and in the over-the-counter market. A composite tape is structured to provide a complete picture of a security's price and volume activity rather than limiting the information to that which occurs on a single exchange.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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