Which of the following statements about a Consolidated Tape is correct?

The statement regarding the Consolidated Tape being used to continuously report sales data of listed stocks is accurate. The Consolidated Tape is a system designed to provide real-time updates on transactions involving listed securities, capturing traded prices, volume, and other essential information. This real-time reporting helps investors and market participants stay informed about trading activity across various exchanges.

The focus of the Consolidated Tape is specifically on disseminating information related to sales data, which facilitates transparency and ensures that all market participants have access to the same trading information, promoting fair price discovery.

In contrast, the other options do not accurately describe the primary function of the Consolidated Tape. While conducting market research is important for investors, it is not the role of the Consolidated Tape. The system does not maintain comprehensive records of all trading histories, as this would include more extensive data than just sales transactions. Lastly, filtering out non-compliant trades is not a function of the Consolidated Tape; rather, compliance with regulations is generally handled through different regulatory frameworks and oversight bodies.