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The storage unit recorded the data from the ticker line. Brokers could enter the stock symbol on a desk unit. This triggered a backward search on the magnetic tape (which continued recording incoming ticker data). When a transaction was located, the price was sent to the desk unit, which printed it on a tape.
Used ticker tape was often repurposed as confetti, to be thrown from the windows above parades either cut up into scraps or thrown as whole spools, primarily in lower Manhattan; this became known as a ticker tape parade. [13] Ticker tape parades generally celebrated some significant event, such as the end of World War I and World War II, or the ...
Trans-Lux is a company that specializes in designing, selling, leasing, and maintaining multi-color, real-time data and LED large-screen electronic information displays, but is primarily known as a major supplier of national stock ticker displays for stock exchanges. These indoor and outdoor displays are used worldwide in many industries ...
Until the mid-1960s, tape reading was a popular form of technical analysis. It consisted of reading market information such as price, volume, order size, and so on from a paper strip which ran through a machine called a stock ticker. Market data was sent to brokerage houses and to the homes and offices of the most active speculators.
An example of a television news ticker, at the very bottom of the screen. News ticker on a building in Sydney, Australia. A news ticker (sometimes called a crawler, crawl, slide, zipper, ticker tape, or chyron) is a horizontal or vertical (depending on a language's writing system) text-based display either in the form of a graphic that typically resides in the lower third of the screen space ...
Quotron was a Los Angeles–based company that in 1960 became the first financial data technology company to deliver stock market quotes to an electronic screen rather than on a printed ticker tape. The Quotron offered brokers and money managers up-to-the-minute prices and other information about securities. [1]
Since the late 1970s, all SEC-registered exchanges and market centers that trade NYSE or AMEX-listed securities send their trades and quotes to a central consolidator where the Consolidated Tape System (CTS) and Consolidated Quotation System (CQS) data streams are produced and distributed worldwide. The CTA is the operating authority for CQS ...
"Don't fight the tape" is a term that means do not bet or trade against the trend in the financial markets, i.e., if the broad market is moving up, do not bet on a downward move. The term "tape" refers to the ticker tape used to transmit the price of stocks. [4] [5] It is analogous to the trader's maxim, "The trend is your friend."