Define Stock Market Ticker Tape
The origination of the stock ticker tape name came from the fact that long ago the stock market symbols were printed out on a piece of paper from a ticker tape machine. Now this computerized unit gives information on the stock symbol, price, and volume.
Technology has came a long way in that we no longer need to print stock information for ticker tape. All of it can be sent online. The stock ticker tape machine was created in 1867 and used to take a long time so send information out to brokers and the closest offices go the information quickest. Which explains why offices were built so close to the New York Stock Exchange.
Companies choose the symbols and letters for their company that they well denote on the ticker tape. This helps to avoid confusion and gives investors the knowledge for public trading on the market.
MSN and other tv shows run the ticker tape at the bottom for investors. It is difficult to read at first but as soon as you know what companies you wish to follow becomes a lot easier.
Stocks that are on the NYSE are denoted by three letters. Stocks traded on the Nasdaq are denoted by 4 letters. Mutual funds use letters and numbers to differentiate their symbols.
"Ticker" comes from the conceptual word of "tick", which is any activity of a stock whether it be up or down. A stock market ticker symbol readout will include, in order from left to right: the unique call letters of a specific security; the volume or number of shares traded (K = 1,000, M = 1,000,000 and B = 1,000,000,000); the last bid price for that stock, which is considered its price until there is a new bid; an up- or down- arrow that indicates if the stock's price is down or up from where it started the trading day; and the change amount, or the difference in price from the previous trading day's closing price. - 23208
Technology has came a long way in that we no longer need to print stock information for ticker tape. All of it can be sent online. The stock ticker tape machine was created in 1867 and used to take a long time so send information out to brokers and the closest offices go the information quickest. Which explains why offices were built so close to the New York Stock Exchange.
Companies choose the symbols and letters for their company that they well denote on the ticker tape. This helps to avoid confusion and gives investors the knowledge for public trading on the market.
MSN and other tv shows run the ticker tape at the bottom for investors. It is difficult to read at first but as soon as you know what companies you wish to follow becomes a lot easier.
Stocks that are on the NYSE are denoted by three letters. Stocks traded on the Nasdaq are denoted by 4 letters. Mutual funds use letters and numbers to differentiate their symbols.
"Ticker" comes from the conceptual word of "tick", which is any activity of a stock whether it be up or down. A stock market ticker symbol readout will include, in order from left to right: the unique call letters of a specific security; the volume or number of shares traded (K = 1,000, M = 1,000,000 and B = 1,000,000,000); the last bid price for that stock, which is considered its price until there is a new bid; an up- or down- arrow that indicates if the stock's price is down or up from where it started the trading day; and the change amount, or the difference in price from the previous trading day's closing price. - 23208
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posted by X - Men @ 3:11 AM
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