late tape(redirected from Late Tapes)
A delay in the display of price changes on the tape of an exchange because of heavy trading. In severe instances the first digit of each price is intentionally deleted.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A situation in which trading volume for a security is so heavy that the ticker publicly announcing quotes is delayed by a significant amount of time, usually one or two minutes. This was fairly common before electronic tickers were used, but has largely become a non-issue since electronic tickers announce prices in real time.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.