Stock Market Ticker Tape Definition
The stock market ticker tape was created and computerized to give information on stock price, symbol, and volume. It is called stock ticker tape because it used to be printed on paper on a ticker tape machine.
The stock ticker-tape machine was invented in 1867 in the aftermath of the development of the telegraph machine. In those days, "pad shovers" were employed to feed the tape to brokers in their offices; brokers would set up offices as near as possible to the New York Stock Exchange, etc, so that they could get the feeds via wire as quickly as possible. With globalization and computers this sort of setup is clearly no longer needed.
Stock market ticker symbols are the letters (once in a while also numbers) used to denote a particular security that is being traded publicly and/or on stock exchanges. This symbol is chosen by the company when it begins issuing shares for public trading, and it's what is used to track stock activity and place buy or sell orders by investors. These brief symbols are necessary to streamline the vast amount of activity information that flows through stock exchanges on every business day. Without the stock market ticker symbols, confusion and turpitude would reign in the stock market.
MSN and other tv shows run the ticker tape at the bottom for investors. It is difficult to read at first but as soon as you know what companies you wish to follow becomes a lot easier.
Investopedia comments, "Stock symbols are the most recognized type of ticker symbol. Stocks listed and traded on U.S. exchanges such as the NYSE have symbols with up to three letters. Nasdaq-listed stocks have four-letter symbols. Ticker symbols for options are structured to represent the underlying stock ticker they are based on and also their expiration date and contract type (either a put or a call option). Mutual fund ticker symbols are usually alphanumeric and end with the letter X to differentiate them from stock symbols."
Ticker also comes from the actual conceptual word of tick. It means the stock ticks up or down when there is activity. - 23167
The stock ticker-tape machine was invented in 1867 in the aftermath of the development of the telegraph machine. In those days, "pad shovers" were employed to feed the tape to brokers in their offices; brokers would set up offices as near as possible to the New York Stock Exchange, etc, so that they could get the feeds via wire as quickly as possible. With globalization and computers this sort of setup is clearly no longer needed.
Stock market ticker symbols are the letters (once in a while also numbers) used to denote a particular security that is being traded publicly and/or on stock exchanges. This symbol is chosen by the company when it begins issuing shares for public trading, and it's what is used to track stock activity and place buy or sell orders by investors. These brief symbols are necessary to streamline the vast amount of activity information that flows through stock exchanges on every business day. Without the stock market ticker symbols, confusion and turpitude would reign in the stock market.
MSN and other tv shows run the ticker tape at the bottom for investors. It is difficult to read at first but as soon as you know what companies you wish to follow becomes a lot easier.
Investopedia comments, "Stock symbols are the most recognized type of ticker symbol. Stocks listed and traded on U.S. exchanges such as the NYSE have symbols with up to three letters. Nasdaq-listed stocks have four-letter symbols. Ticker symbols for options are structured to represent the underlying stock ticker they are based on and also their expiration date and contract type (either a put or a call option). Mutual fund ticker symbols are usually alphanumeric and end with the letter X to differentiate them from stock symbols."
Ticker also comes from the actual conceptual word of tick. It means the stock ticks up or down when there is activity. - 23167
posted by X - Men @ 3:48 AM
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