Time and Sales is a term commonly used to refer to the list of transactions executed in a market, and is also known as "the tape
." The following information is given for each transaction: the single price at which the transaction occurred, the time the transaction took place, the number of shares or contracts
traded in the transaction, and whether the transaction occurred at the bid
or the offer (indicating who initiated the transaction).
Is the exact price at which a trade occurs.
Time and Sales (T&S) shows also if the trade occurs at bid or ask
It can also show the volume (the number of contracts that are traded)
T&S is also known as The Tape.
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