SIPs Publish Historical Consolidated Tape Revenue
Officials say that making the new data available is part of continuing efforts to increase transparency around the SIPs.
Historical tape revenue data will be available via the plans’ websites on a quarterly basis with a 60-day lag, including trade and quote revenue back to 2007 distributed to participants for Tape A (New York Stock Exchange-listed securities), Tape B (NYSE Amex, NYSE Arca, Bats and regional exchanges), and Tape C (Nasdaq-listed securities), aggregate per-trade and per-quote message revenue for all tapes back to 2007, and revenue by fee type for Tapes A and B back to 2009 and for Tape C back to 2007.
The historical data so far shows revenues declining over the past decade, despite message volumes doubling since 2008 and significant investments to reduce latency of the consolidated tapes, notes Emily Kasparov, chair of the SIP Operating Committees.
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