Universal Stock Ticker

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Stock Ticker working replica
Ticker tape was used by ticker tape machines, the Ticker tape timer, stock ticker machines, or just stock tickers.

History

The origin of the term ticker tape came from the sound made by the machine as it printed, and tape simply refers to the machines using a paper tape printout as a rolling display of stock prices.[1] In 1867, Edward A. Calahan of the American Telegraph Company invented the first stock telegraph printing device.[2] Early versions of stock tickers provided the first mechanical means of conveying stock prices ("quotes"), over a long distance over telegraph wiring. In its infancy, the ticker used the same symbols as Morse code as a medium for conveying messages. Previously, they were hand-delivered via written or verbal messages. Since the useful time-span of individual quotes is very brief, they generally had not been sent long distances; aggregated summaries, typically for one day, were sent instead. This increase in speed allowed for faster and more exact sales. Since the ticker ran continuously, updates to a stock’s price became effective much faster and trading became a more time sensitive matter. For the first time, trades were being done in what we think of as nearly real time.

Stock ticker machines are an ancestor of the modern computer printer, being one of the first applications of transmitting text over a wire to a printing device. One of the earliest practical stock ticker machines, Universal Stock Ticker developed by Thomas Edison in 1869, had an alphanumeric printing speed of approximately 1 character per second. A special typewriter designed for operation over telegraph wires was used at the opposite end of the telegraph wire connection to the ticker machine. Text typed on the typewriter got displayed on the ticker machine at the opposite end of the connection.

Technology

Stock tickers in various buildings were connected using technology based on the then-recently invented telegraph machines, with the advantage that the output was readable text, instead of the dots and dashes of Morse code. The machines printed a series of ticker symbols (usually shortened forms of a company's name), followed by brief information about the price of that company's stock; the thin strip of paper they were printed on was called ticker tape. As with all these terms, the word ticker comes from the distinct tapping (or ticking) noise the machines made while printing.

Newer and more efficient tickers became available in the 1930s and 1960s but the physical ticker tape phase was quickly coming to a close being followed by the electronic phase. These newer and better tickers still had an approximate 15 to 20 minute delay. Stock ticker machines became obsolete in the 1960s, replaced by computer networks; none have been manufactured for use for decades. However, working reproductions of at least one model are now being manufactured for museums and collectors. It was not until 1996 that a ticker type electronic device was produced that could operate in true real time.

Simulated ticker displays, named after the original machines, still exist as part of the display of television news channels and on some World Wide Web pages—see news ticker. One of the most famous of these simulated ticker displays is the ticker located at Times Square in New York City.

Ticker tapes then and now contain generally the same information. The ticker symbol is a unique characters used to identify the company. The shares traded is the volume for the trade being quoted. Price traded refers to the price per share of a particular trade. Change direction is a visual cue showing whether the stock is trading higher or lower than the previous day’s closing. Change amount refers to the difference in price from the previous day’s closing. These are reflected in the modern style tickers that we see every day. Many today have also included color to indicate whether a stock is trading higher than the previous day’s close (green), lower than the previous day’s close (red), or has remained unchanged (blue or white).

Other usage

Used ticker tape was cut into a form of confetti, to be thrown from the windows above parades, primarily in lower Manhattan; this became known as a ticker-tape parade.[3] Ticker tape parades generally celebrated some significant event, such as the end of a World War, or the safe return of one of the early astronauts.

See also

Notes

  • "Exchanges - Ticker Tape Terminology." The Investment FAQ. 19 Sept. 1999. 20 Apr. 2007 <http://invest-faq.com/articles/exch-ticker.html>.
  • "Understanding the Ticker Tape." (symbols) Investopedia. 25 Feb. 2005. 20 Apr. 2007 <http://www.investopedia.com/articles/01/070401.asp>.

External links

Automation (ancient Greek: = self dictated), roboticization [1] or industrial automation or numerical control is the use of control systems such as computers to control industrial machinery and processes, replacing human operators.
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In financial markets, the stock capital of a corporation or a joint-stock company is the capital raised through the issuance, sale and distribution of shares. A person or organization that holds at least a partial share of stock is called a shareholder.
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Telegraphy (from the Greek words (τηλη) = far and (γραφειν) = write) is the long-distance transmission of written messages without physical transport of letters, originally by changing something that could
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Morse code is a method for transmitting telegraphic information, using standardized sequences of short and long elements to represent the letters, numerals, punctuation and special characters of a message.
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Writing, is the representation of language in a textual medium; that is with the use of signs or symbols. It is distinguished from illustration such as cave drawings and paintings, and recording language via a non-textual medium such as magnetic tape audio.
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Message in its most general meaning is an object of communication. It is something which provides information; it can also be this information itself. Therefore, its meaning is dependent upon the context in which it is used; the term may apply to both the information and its form.
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A computer printer, or more commonly a printer, produces a hard copy (permanent human-readable text and/or graphics) of documents stored in electronic form, usually on physical print media such as paper transparencies.
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A teleprinter (teletypewriter, Teletype or TTY for TeleTYpe/TeleTYpewriter) is a now largely obsolete electro-mechanical typewriter which can be used to communicate typed messages from point to point through a simple electrical
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Ticker tape was used by ticker tape machines, the Ticker tape timer, stock ticker machines, or just stock tickers.

History

The origin of the term ticker tape came from the sound made by the machine as it printed, and tape simply refers to the
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Thomas Alva Edison (February 11 1847 – October 18 1931) was an American inventor and businessman who developed many devices that greatly influenced life around the world, including the phonograph and a long lasting light bulb.
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typewriter is a mechanical, electromechanical, or electronic device with a set of "keys" that, when pressed, cause characters to be printed on a document, usually paper.
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Telegraphy (from the Greek words (τηλη) = far and (γραφειν) = write) is the long-distance transmission of written messages without physical transport of letters, originally by changing something that could
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Morse code is a method for transmitting telegraphic information, using standardized sequences of short and long elements to represent the letters, numerals, punctuation and special characters of a message.
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This article or section is in need of attention from an expert on the subject.
Please help recruit one or [ improve this article] yourself. See the talk page for details.
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A stock symbol or ticker symbol is a mnemonic used to uniquely identify publicly-traded shares of a corporation on a particular stock market. A stock symbol may consist of letters, numbers or a combination of both.
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Centuries: 19th century - 20th century - 21st century

1930s 1940s 1950s - 1960s - 1970s 1980s 1990s
1960 1961 1962 1963 1964
1965 1966 1967 1968 1969

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Their 1960s decade refers to the years from 1960 to 1969, inclusive.
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as a college campus, industrial complex, or a military base. A CAN, may be considered a type of MAN (metropolitan area network), but is generally limited to an area that is smaller than a typical MAN.
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museum is a "permanent institution in the service of society and of its development, open to the public, which acquires, conserves, researches, communicates and exhibits, for purposes of study, education, enjoyment, the tangible and intangible
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newscast typically consists of the coverage of various news events and other information, either produced locally in a radio or television station newsroom, or by a broadcast network.
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television station is a type of broadcast station that broadcasts both audio and video to television receivers in a particular area. Traditionally, TV stations made their broadcasts by sending specially-encoded radio signals over the air, called terrestrial television.
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World Wide Web (commonly shortened to the Web) is a system of interlinked, hypertext documents accessed via the Internet. With a web browser, a user views web pages that may contain text, images, videos, and other multimedia and navigates between them using hyperlinks.
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worldwide view.


A news ticker (sometimes referred to as a "crawler") is a small screen space on news television networks dedicated to presenting headlines or minor pieces of news.
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Confetti (the singular form is confetto) is a multitude of small pieces of paper or plastic which are usually thrown at celebrations, especially weddings (and game shows, following the end of a milestone or an occurring of a big win).
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A parade is an organized procession of people along a street, often in costume, and often accompanied by floats or sometimes large lighter-than-air balloons with complex shapes. Parades are held for a wide range of reasons, but are usually celebrations of some kind.
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Manhattan is a borough of New York City, New York, USA, with New York County. With a 2000 population of 1,537,195[2] living in a land area of 22.96 square miles (59.
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ticker-tape parade is a parade event, held in a downtown urban setting, allowing the jettison of large amounts of shredded paper products from nearby office buildings onto the parade route, creating a triumphal effect by the snowstorm-like flurry.
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A world war is a war affecting the majority of the world's major nations. World wars usually span multiple continents, and are devastating.

The term has usually been applied to two conflicts of unprecedented scale and slaughter that occurred during the 20th century.
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astronaut or cosmonaut (Russian: космона́вт IPA: [kəsmʌˈnaft]
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CNBC Ticker is a computer simulation of ticker tapes shown on the lower part of the TV screen on the business television channel CNBC from Englewood Cliffs, New Jersey, in the U.S.
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Data storage can refer to:
  • Computer data storage; memory, components, devices and media that retain digital computer data used for computing for some interval of time.

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