One of the goals of the movement to a consolidated tape and composite stock price tables was to
A) foster efficiency in the stock markets.
B) reduce the bid-ask spreads for investors.
C) eliminate the use of specialists in block trades.
D) increase the access to broker order information for small investors.

Question

Quizplus · Accepted Answer

The consolidation of stock price information into a single tape and table was intended to improve market efficiency by providing investors with more accurate and timely information about prices and trades across multiple exchanges. This, in turn, could help reduce volatility and promote more informed trading decisions. While reduced bid-ask spreads and increased access to order information could also be potential benefits, they were not the primary goal of the consolidation effort. The elimination of specialists in block trades is not a stated goal of the movement to a consolidated tape and composite stock price tables.

One of the Goals of the Movement to a Consolidated