What is ‘Tape Is Late’
A situation on the trading floor where trading volume is so heavy that the real-time ticker quotes are delayed by a minute or two. When the tape is late some price or volume digits will be deleted.
Explaining ‘Tape Is Late’
The term comes from years ago when the “tape” was actually paper and the printer couldn’t keep up with trading activity. In the modern stock market this isn’t as much of an issue because data is generally delivered electronically.
Further Reading
- Reading the ticker tape in the late nineteenth-century American market – www.tandfonline.com [PDF]
- Blind tigers and red-tape cocktails: liquor control and homicide in late-nineteenth-century South Carolina – www.nber.org [PDF]
- Caught on tape: Institutional trading, stock returns, and earnings announcements – www.sciencedirect.com [PDF]
- Prospects for experimental approaches to research on bureaucratic red tape – pennstate.pure.elsevier.com [PDF]
- Clinical and economic outcomes of cesarean deliveries with skin closure through skin staples plus waterproof wound dressings versus 2-octyl cyanoacrylate plus … – www.tandfonline.com [PDF]
- Rents, red tape, and regionalism: economic effects of deeper integration – books.google.com [PDF]
- Green Lights and Red Tape-Improving Access to Financial Aid at California's Community Colleges – vtechworks.lib.vt.edu [PDF]
- Administrative delay, red tape, and organizational performance – www.tandfonline.com [PDF]
- Vaginal stone formation on top of recurrent tension-free vaginal tape mesh erosion – www.tandfonline.com [PDF]
