ticker tape(redirected from Ticker tape timer)
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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 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.
The narrow continuous rolls of paper on which stock transactions were printed before the electronic age made the old system obsolete. The term now refers to the flow of prices appearing on the tickers of brokerage firms. Also called tape.