Comments on: How do stocks get published so quickly and how is it so incorruptible? http://bigstockmarket2u.info/how-do-stocks-get-published-so-quickly-and-how-is-it-so-incorruptible/68/ Stock Market Crash? I don't think so... Sat, 03 Apr 2010 16:32:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: g_tastyfish http://bigstockmarket2u.info/how-do-stocks-get-published-so-quickly-and-how-is-it-so-incorruptible/68/comment-page-1/#comment-123 g_tastyfish Sun, 09 Mar 2008 05:25:49 +0000 http://bigstockmarket2u.info/how-do-stocks-get-published-so-quickly-and-how-is-it-so-incorruptible/68/#comment-123 The 'Consolidated Tape' is an electronic system that continually gathers price and other market data from different market centers. Some of these are electronic (such as ECN's and crossing networks) and some is put in by hand (specialist on the floor of the NYSE and AMEX and third market broker dealers). Obviously the data is not incorruptible as some of it is entered by humans, but generally speaking it is quite accurate. Regulations require a trade reported by a person to be submitted within 30 seconds of a consummated trade. Sometimes you may notice a .sld after one of the reports, this is a trade that was reported out of sequence (outside the 30 second rule) These are monitored closely by the NASD and SEC market regulation and surveillance divisions and fines for habitually reporting late are quite steep, this tends to keep things in line. You can subscribe to a feed that will allow you to see the real time tape, that is how TV stations and internet sites get the info so quickly. Many internet sites will have a subscription that is 15 to 20 minutes delayed - as the rates for these feeds and substantially cheaper than real time. The ‘Consolidated Tape’ is an electronic system that continually gathers price and other market data from different market centers. Some of these are electronic (such as ECN’s and crossing networks) and some is put in by hand (specialist on the floor of the NYSE and AMEX and third market broker dealers). Obviously the data is not incorruptible as some of it is entered by humans, but generally speaking it is quite accurate. Regulations require a trade reported by a person to be submitted within 30 seconds of a consummated trade. Sometimes you may notice a .sld after one of the reports, this is a trade that was reported out of sequence (outside the 30 second rule) These are monitored closely by the NASD and SEC market regulation and surveillance divisions and fines for habitually reporting late are quite steep, this tends to keep things in line.

You can subscribe to a feed that will allow you to see the real time tape, that is how TV stations and internet sites get the info so quickly. Many internet sites will have a subscription that is 15 to 20 minutes delayed – as the rates for these feeds and substantially cheaper than real time.

]]> By: Ken C http://bigstockmarket2u.info/how-do-stocks-get-published-so-quickly-and-how-is-it-so-incorruptible/68/comment-page-1/#comment-122 Ken C Fri, 07 Mar 2008 16:02:35 +0000 http://bigstockmarket2u.info/how-do-stocks-get-published-so-quickly-and-how-is-it-so-incorruptible/68/#comment-122 The prices quoted on TV are just the last trade on that particular stock on the exchange (NYSE, AMEX ect.) or NASDAQ they trade on. The last trade is reported via computer from the exchange. When you see it on TV the quotes (Prices Reported) may have up to a 15 minute delay. So they are not pricing it themselves, they are just reporting what the last trade reported was. Did that help??? The prices quoted on TV are just the last trade on that particular stock on the exchange (NYSE, AMEX ect.) or NASDAQ they trade on. The last trade is reported via computer from the exchange. When you see it on TV the quotes (Prices Reported) may have up to a 15 minute delay.
So they are not pricing it themselves, they are just reporting what the last trade reported was.
Did that help???

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