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Ticker tape was the earliest electrical dedicated financial communications medium, transmitting stock price information over telegraph lines, in use from around 1870 to 1970. It consisted of a paper strip that ran through a machine called a stock ticker , which printed abbreviated company names as alphabetic symbols followed by numeric stock ...
Although best known for the teleprinter, Kleinschmidt also invented many other devices, including an automatic fishing reel and a vaccination shield, and is credited with making major improvements to the Wheatstone (stock market ticker tape) perforator. [4] He also invented a macaroni-twisting machine. His inventions made him a multi-millionaire.
The concept of the stock ticker lives on, however, in the scrolling electronic tickers seen on brokerage walls and on news and financial television channels. Because the financial investment needed to provide the services needed, the industry had become ever more consolidated, but in 2004 it was forecast that the industry was beginning to fragment.
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It printed the data on 0.75 inches (1.9 cm) wide paper tape wound on large reels. The sound it made while printing earned it the name "stock ticker". Other inventors improved on this device, and ultimately Thomas Edison patented a "universal stock ticker", selling over 5,000 in the late 19th century. [3]
Here are 4 tickers trending on Yahoo Finance in premarket trading:
Stock futures edged higher ahead of the release of consumer-price inflation data. Here are 4 tickers trending on Yahoo Finance in premarket trading:
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 ...