tape is late

Tape is late

When the trading volume is so heavy that trades appear on the tape more than a minute behind the timer they actually take place.

Tape Is Late

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 become largely a non-issue since electronic tickers announce prices in real time.

tape is late

See late tape.