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Independent Administrator · Tape Plan

DataCT has been selected as the independent administrator for the U.S. Consolidated Tape Plan.

Under a recent SEC order, the CT Plan was established to replace the existing Plans with a unified Plan governing Tapes A, B and C and appoint a single Independent Administrator. DataCT LLC has been appointed as the independent administrator.

DataCT governance and operating model diagram showing CT Plan LLC, Tapes A, B and C, and DataCT as independent administrator for licensing, billing, reporting and compliance.

Statutory Basis


The U.S. Consolidated Tape Plan is a single national market system plan filed with and approved by the U.S. Securities and Exchange Commission pursuant to Section 11A of the Securities Exchange Act of 1934 and Rule 608 of Regulation NMS. Upon its Operative Date, the Plan will consolidate and replace the CTA, CQ, and UTP Plans under a single governance structure, a single fee schedule, and a single independent Administrator.

SEC RELEASE NO. 34-101672 · FILE NO. 4-757 · APPROVED NOVEMBER 20, 2024

Governance Structure


The Consolidated Tape Plan - CT Plan LLC

The CT Plan is the new SEC-mandated Plan that will govern the public dissemination of real-time consolidated equity market data for NMS stocks. Expected to launch in early 2027, the CT Plan will be the unified successor to the current SIP Plans, and will streamline administration, enhance transparency and deliver greater efficiency across the industry.