Define Stock Market Ticker Tape
The stock market ticker tape is, now, a computerized unit that relays information about a stock's trading activity to investors around the world. The stock market ticker tape's information includes the stocks' symbol on the exchanges, the latest price per share, and its trading volume. Before computerized methods, stock market ticker symbols were printed out on a thin piece of paper that continuously streamed out of a ticker-tape machine.
The stock ticker tape machine created in 1867 was developed after the telegraph machine. It people feed the tape to brokers in their offices. The closer you were the sooner you could get the information. That is why brokers would set up offices as close as possible to the New York Stock Exchange. Technology and the computer has changed all this.
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.
There are many shows on TV that run the ticker tape across the bottom of the screen like MSNBC. This symbolic language can be difficult at first but becomes easier once you start playing the market more.
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. - 23204
The stock ticker tape machine created in 1867 was developed after the telegraph machine. It people feed the tape to brokers in their offices. The closer you were the sooner you could get the information. That is why brokers would set up offices as close as possible to the New York Stock Exchange. Technology and the computer has changed all this.
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.
There are many shows on TV that run the ticker tape across the bottom of the screen like MSNBC. This symbolic language can be difficult at first but becomes easier once you start playing the market more.
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. - 23204
posted by X - Men @ 1:24 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home