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please tell me what a "tape is late" is

glossary FAQ: glossary.
H. Tran from Germany
22 September, 2009

the "tape is late " is A situation on the trading floor where trading volume is so heavy that the real-time ticker quotes are delayed by a minute or two. When the tape is late some price or volume digits will be deleted. The term comes from years ago when the "tape" was actually paper and the printer couldn't keep up with trading activity. In the modern stock market this isn't as much of an issue because data is generally delivered electronically. Visit ODL Securities Inc.

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