Fast Tape

Fast Tape

In futures trading, a situation where trading on a contract is so active that an accurate quote cannot be given on its price. That is, a fast tape occurs when the price is changing very rapidly because of the large number of trades. When this happens, a ticker gives the range of prices within which the contract is trading and notes "fast" after it. This indicates that the situation is changing quickly. See also: ticker tape.
References in periodicals archive ?
The second challenge with such fast tape drives is that you cannot stream a modern tape drive that's placed behind a network backup server.
The same technology that is used for compressing the radar video for transmission across the Ethernet network can also be used for economically recording the video on to digital media such as a hard disc or fast tape drive.
Other helpful features include a direct-drive chassis, which will provide fast tape loading and reduced maintenance, and a selectable azimuth, which is a head selection process for playback of more than one VHS recording format.
The levels within the archive could be fast cache, slow cache (with binding capabilities), fast tape, capacity tape, WORM tape separate from re-usable tape, and Iron Mountain or the equivalent.
A secondary or middle tier can be less expensive disk, optical, or even fast tape, while tertiary storage is usually tape or optical.
In many instances, fast tape drives have to frequently stop and wait, which can reduce the performance and drive reliability.