What are the Securities Information Processors (SIPs)?
Securities Information Processors (SIPs) are regulatory bodies that process and consolidate bid/ask quotes and trades from all trading exchanges into a single data feed.
In the United States, there are currently two SIPs: the Consolidated Tape Association (CTA) which oversees the SIP for NYSE listed securities, and the Unlisted Trading Privileges (UTP) which does the same for Nasdaq listed securities. Each SIP is operated by a committee of exchanges known as “participants”. You can read more about the SIPs in our blog post - Understanding the SIPs
Was this article helpful?
Schedule a demo
Talk with our market data experts
Modernizing Wall St.
Reimagining financial market data for the 21st century.
Recommended
Can’t find the answer you’re looking for? Contact our team.
- Title
- Where does Polygon’s Options data come from?
- Options Tag
Options
- Sources Tag
Sources
- FAQ Tag
FAQ
- Description
- We receive our options data directly from the Options Price Reporting Authority (OPRA)
- Title
- Why is Polygon’s market data different from other providers?
- Sources Tag
Sources
- Data Coverage Tag
Data Coverage
- FAQ Tag
FAQ
- Description
- We source our data directly from the SIPs (Securities Information Processors), which includes every single trade and NBBO quote that occurs on any of the 19 US exchanges.
- Title
- Where does Polygon’s Crypto data come from?
- Crypto Tag
Crypto
- Sources Tag
Sources
- Description
- We connect to some of the highest volume exchanges to consume the level 1 and level 2 order books.