Your broker/dealer has just negotiated a trade with another broker/dealer in a Nasdaq-listed stock. The automated system that will facilitate the reporting of the post-execution data electronically, such as price and volume, to FINRA is known as
A) the Designated Market Maker (DMM) display book
B) Super Display Book (SDBK)
C) Consolidate Tape System (CTS)
D) Trade Reporting Facility (TRF)
Answer: D) Trade Reporting Facility (TRF)