2014 Review: In US, Consolidated Tape Saga Comes Full Circle
The year started in dramatic fashion when Nasdaq OMX revealed that it had quit its role as operator of the Securities Information Processor (SIP) that collects data on Nasdaq-listed stocks, calculates a best bid and offer, and distributes the consolidated feed of quote and trade data to industry participants.
According to a source familiar with the situation, the UTP Committee that oversees the administration of the tape had been dragging its heels over approving recommendations made by Nasdaq
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