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Value of a security displayed, or flashed across the tape, when the tape display cannot keep up with volume on an exchange and lags the current price by more than approximately five minutes.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
When the tape is late by more than five minutes, the current price of a security that periodically displays, or "flashes," on the ticker. This interrupts the delayed prices and keeps investors abreast of where the current price is even if they do not know how it arrived there. The flash price displays every five or 10 minutes.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved