easy · Order Flow Analysis tape-reading-time-sales

What is the primary function of the Time & Sales record, commonly referred to as 'the tape'?

1. To provide a chronological record of every executed trade, including price, size, and time.
2. To conceal institutional orders from retail traders via algorithmic order masking.
3. To display the current resting bid and offer volumes sitting inside the visible limit order book.
4. To calculate the expected future volatility of an underlying asset over a set forward-looking period.

Sign up free to see the explanation and track your rank →