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Composite Tape

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Composite tape
See: Tape

Composite Tape
A record of the transactions occurring on an exchange on a given trading day, updated in real time or with only a slight delay. Before electronic tickers became common, most records of trading were printed out on strips of paper known as the composite tape. It is more common now to refer to an exchange's live record as a ticker. When tape was common, trading volume sometimes became so heavy for a security that the tape publicly announcing quotes was delayed by a significant amount of time, usually a minute or two. This was called a tape is late situation.

composite tape
A security price reporting service that includes all transactions in a security on each of the exchanges and in the over-the-counter market. A composite tape is structured to provide a complete picture of a security's price and volume activity rather than limiting the information to that which occurs on a single exchange.


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The Relay Station feeds composite tape through a track over a 3-axis moving table.
Patented is a composite tape in a roll from which a closure tab for disposable articles can be cut.
Enclosed with the letter was a composite tape of the most salacious episodes recorded by FBI microphones hidden in King's hotel and motel rooms over the previous ten months, a tape containing what a later Senate investigation would describe as "private life material".
 
 
 
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