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Username: Andrew

Rating:
Guru Stars

Asked to: Jun Wang

Date Created: 06 Nov 2018
Category 28
Tag Financial
Question Please give the definition of 'Tape Is Late'.
Advice from Guru
Hello Andrew,

"Tape is late" refers to a situation on the trading floor where trading volume is so heavy that the real-time ticker quotes are delayed. The trading floor refers to the area of an exchange where trades in securities take place. An exchange is a physical or virtual place where buyers and sellers of securities, such as stocks or bonds, come together to transact with each other. The New York Stock Exchange and the NASDAQ are examples of exchanges in the United States.

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