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composite tape

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Financial Dictionary

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.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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