late tape

Late tape

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.

Late Tape

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

late tape

Delayed reporting of stock transactions because of unusually heavy volume. See also digits deleted, flash price, volume deleted.
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.
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Then he might get a last-minute addition of live promos while waiting for a late tape.