2014 Review: In US, Consolidated Tape Saga Comes Full Circle

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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 i

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