About
Ticker tape was a means of transmitting stock price information over telegraph lines between around 1870 and 1970. It consisted of a paper strip which ran through a machine called a stock ticker which printed abbreviated company symbols followed by price and volume information. The concept of the stock ticker lives on in the scrolling electronic tickers on brokerage walls and financial television networks. 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. In 1867 Edward Calahan of the American Telegraph Company invented the first stock telegraph printing device. Early versions of stock tickers provided the first mechanical means of conveying stock prices over a long distance using telegraph wiring. 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. The increase in speed provided by the ticker allowed for faster and more exact sales. Since the ticker ran continuously updates to a stock’s price occurred whenever the price changed. Stock Tickers became more effective much faster and stock trading became a more time sensitive matter. For the first time, trades were being done in what we think of as near real time By the 1880's there were about a thousand stock tickers installed in the offices of New York bankers and brokers. In 1890 members of the exchange agreed to create the New York Quotation Co. in order to buy up all other ticker companies. Stock ticker machines are an ancestor of the modern computer printer. Stock tickers were one of the first applications to transmit text over a wire to a printing device. Stock tickers in various buildings were connected using technology based on 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 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. The word ticker comes from the distinct 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. In 1996 a ticker type electronic device was produced that could operate in true real time. One of the most famous displays is the simulated ticker located at One Times Square in New York City. The ticker symbol is a unique set of 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 shows whether the stock is trading higher or lower than the previous trade giving the terms downtick and uptick. Change amount refers to the difference in price from the previous day’s trading close. . Many tickers today include color to indicate whether a stock is trading higher than the previous day’s - green, lower than previous day - red, or has remained unchanged - blue or white.
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Brazil/US WTO cotton retaliatory dispute takes off
Brazil announced Monday it would levy a total of 591 million US dollars in retaliatory tariffs on US goods below a ruling against US cotton subsidies granted by a World Trade Organization last year. However Brazil also sent a conciliatory message.
March 9, 2010 at 2:32 am | read more
Immediate infrastructure reconstruction cost for Chile, 1.2 billion USD
Chilean Public Works Minister Sergio Bitar estimated that the reconstruction and reparation of sidewalks, airports, canals, and other infrastructure works will cost around 1.2 billion US dollars, after the earthquake that devastated the nation. The quake was an 8.8 on the Richter scale.
March 9, 2010 at 2:03 pm | read more
“European Monetary Fund” to cope with Greece type crises
The European Union is considering creating a rescue fund that could anticipate fundamental changes in the 27-country bloc and bring closer economic cooperation following Greece's debt crisis.
March 9, 2010 at 1:59 pm | read more
Sir Edward Elgar £ 20 notes out of circulation from June 30
The Bank of England has announced that the £20 banknotes depicting composer Sir Edward Elgar are to be removed from circulation from 30 June. The Elgar notes are presently being used alongside the new Adam Smith £20 note, and will remain legal tender up to and including 30 June.
March 9, 2010 at 1:50 pm | read more
US advertising on digital media higher than on print in 2010
United States advertisers are spending more this year on digital media than on print according to the latest study by Outsell. Long predicted, the Madison Avenue milestone has finally arrived thanks to a 9.6% boom in digital advertising in 2010.
March 9, 2010 at 1:43 pm | read more
Latinamerica forecasted to expand 3% or more, this year
The Latinamerican economy is poised to expand 3% or more in 2010, the year that will signal the beginning of recovery for the region according to the Inter American Development Bank, (IDB), President Luis Alberto Moreno.
March 8, 2010 at 4:22 am | read more
Argentine government tells Congress it will pay debts with reserves
Argentine government officials reiterated over the weekend that despite efforts from the opposition to cease the Government, it would service the public debt with the Central Bank foreign reserves.
March 8, 2010 at 2:48 am | read more
Brazil cutting liquidity but preparing plan to promote exports
Brazil is preparing a package of incentive but this time to promote exports which suffered significantly last year because of the global slowdown, announced Finance minister Guido Mantega in an inteview with Folha de Sao Paulo.
March 8, 2010 at 2:44 am | read more
Encouraging signals from US job market even when unemployment is 9.7%
Encouraging news from the United States labour market: employers shed fewer jobs than expected in February, cutting 36,000 jobs. This was better than the 50,000 analysts had been expecting.
March 8, 2010 at 2:25 am | read more
Sarkozy promised support for Greece “or else there will be no more Euro”
France will support Greece following its efforts to reduce its deficit and has no intention of seeing the country fall by the wayside because the reason for creating the Euro is at stake, French President Nicolas Sarkozy said.
March 8, 2010 at 2:15 am | read more