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Tape Is Late

What is 'Tape Is Late'

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.

Explaining 'Tape Is Late'

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.


Further Reading


Reading the ticker tape in the late nineteenth-century American market
www.tandfonline.com [PDF]
… on the tape that his very identity as the sovereign self of neoclassical economics is undermined … text, that could be made democratically accessible by a self-taught tape reader … way to properly modern and professionalised forms of financial knowledge in the late nineteenth century …

Blind tigers and red-tape cocktails: liquor control and homicide in late-nineteenth-century South CarolinaBlind tigers and red-tape cocktails: liquor control and homicide in late-nineteenth-century South Carolina
www.nber.org [PDF]
… on the tape that his very identity as the sovereign self of neoclassical economics is undermined … text, that could be made democratically accessible by a self-taught tape reader … way to properly modern and professionalised forms of financial knowledge in the late nineteenth century …

Caught on tape: Institutional trading, stock returns, and earnings announcementsCaught on tape: Institutional trading, stock returns, and earnings announcements
www.sciencedirect.com [PDF]
… on the tape that his very identity as the sovereign self of neoclassical economics is undermined … text, that could be made democratically accessible by a self-taught tape reader … way to properly modern and professionalised forms of financial knowledge in the late nineteenth century …

Prospects for experimental approaches to research on bureaucratic red tapeProspects for experimental approaches to research on bureaucratic red tape
pennstate.pure.elsevier.com [PDF]
… on the tape that his very identity as the sovereign self of neoclassical economics is undermined … text, that could be made democratically accessible by a self-taught tape reader … way to properly modern and professionalised forms of financial knowledge in the late nineteenth century …

Clinical and economic outcomes of cesarean deliveries with skin closure through skin staples plus waterproof wound dressings versus 2-octyl cyanoacrylate plus …Clinical and economic outcomes of cesarean deliveries with skin closure through skin staples plus waterproof wound dressings versus 2-octyl cyanoacrylate plus …
www.tandfonline.com [PDF]
… on the tape that his very identity as the sovereign self of neoclassical economics is undermined … text, that could be made democratically accessible by a self-taught tape reader … way to properly modern and professionalised forms of financial knowledge in the late nineteenth century …

Rents, red tape, and regionalism: economic effects of deeper integrationRents, red tape, and regionalism: economic effects of deeper integration
books.google.com [PDF]
… on the tape that his very identity as the sovereign self of neoclassical economics is undermined … text, that could be made democratically accessible by a self-taught tape reader … way to properly modern and professionalised forms of financial knowledge in the late nineteenth century …

Green Lights and Red Tape-Improving Access to Financial Aid at California's Community CollegesGreen Lights and Red Tape-Improving Access to Financial Aid at California's Community Colleges
vtechworks.lib.vt.edu [PDF]
… on the tape that his very identity as the sovereign self of neoclassical economics is undermined … text, that could be made democratically accessible by a self-taught tape reader … way to properly modern and professionalised forms of financial knowledge in the late nineteenth century …

Administrative delay, red tape, and organizational performanceAdministrative delay, red tape, and organizational performance
www.tandfonline.com [PDF]
… on the tape that his very identity as the sovereign self of neoclassical economics is undermined … text, that could be made democratically accessible by a self-taught tape reader … way to properly modern and professionalised forms of financial knowledge in the late nineteenth century …

Vaginal stone formation on top of recurrent tension-free vaginal tape mesh erosionVaginal stone formation on top of recurrent tension-free vaginal tape mesh erosion
www.tandfonline.com [PDF]
… on the tape that his very identity as the sovereign self of neoclassical economics is undermined … text, that could be made democratically accessible by a self-taught tape reader … way to properly modern and professionalised forms of financial knowledge in the late nineteenth century …



Q&A About Tape Is Late


Where did the term originate?

The term originated in Spain during the reign of Charles V.

What is meant by bureaucracy in this context?

Bureaucracy is an organization that has a lot of unnecessary rules and procedures.

What is tape?

Tape is the real-time ticker quotes.

How do you know if it's tape is late?

When price or volume digits are deleted on the quote.

What is late?

When trading volume is so heavy that the real-time ticker quotes are delayed by a minute or two.

Where did the term come from?

The term came from years ago when the "tape" was actually paper and couldn't keep up with trading activity. In modern stock market this isn't as much of an issue because data is generally delivered electronically.

What are some examples of things that can be described as red tape?

Examples include filling out paperwork, obtaining licenses, having multiple people approve decisions and various low-level rules that make conducting one's affairs slower, more difficult or both.

What does the term "red tape" refer to?

The term red tape refers to excessive, rigid or redundant rules and regulations.

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