Consolidated Quotation System - History

History

In July 1978, the U.S. Securities and Exchange Commission declared the Consolidated Quotation Plan effective. In August 1978, the CQS commenced full operation with the Boston, Midwest, New York, Philadelphia and Pacific Stock Exchanges reporting quotations in NYSE-listed securities.

NASDAQ joined the CQ Plan at the end of 1978 and began to disseminate quotations over CQS in early 1979.

In November 1979, the Cincinnati Stock Exchange became a CQ Plan Participant and commenced disseminating quotations in mid-1980.

The Consolidated Tape Association (CTA) is the operating authority for both the Consolidated Quotation System and the Consolidated Tape System (CTS).

Read more about this topic:  Consolidated Quotation System

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Famous quotes containing the word history:

    It takes a great deal of history to produce a little literature.
    Henry James (1843–1916)

    ... the history of the race, from infancy through its stages of barbarism, heathenism, civilization, and Christianity, is a process of suffering, as the lower principles of humanity are gradually subjected to the higher.
    Catherine E. Beecher (1800–1878)

    To care for the quarrels of the past, to identify oneself passionately with a cause that became, politically speaking, a losing cause with the birth of the modern world, is to experience a kind of straining against reality, a rebellious nonconformity that, again, is rare in America, where children are instructed in the virtues of the system they live under, as though history had achieved a happy ending in American civics.
    Mary McCarthy (1912–1989)