How to Read the US Equity Trade Tape
What each field on the US equity trade tape means, measured on 22 years of prints: timestamps, auction prints, condition codes, corrections and reused symbols.
#condition codes
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What Is the Closing Auction? (Closing Cross)
What the closing auction is, why one 4 p.m. print sets the official close, and how market-on-close orders feed the day's biggest trade, on real tape data.