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.
The stock ticker-tape machine was invented in 1867 in the aftermath of the development of the telegraph machine. In those days, "pad shovers" were employed to feed the tape to brokers in their offices; brokers would set up offices as near as possible to the New York Stock Exchange, etc, so that they could get the feeds via wire as quickly as possible. With globalization and computers this sort of setup is clearly no longer needed.
When a new company goes public for trading they pick letters or symbols for their stock symbol. These symbols help businesses and investors avoid confusion and allow for public trading. The symbols help to avoid confusion from investors.
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 symbols are one of the most recognized form of symbols. Stocks on the NYSE have three letters. Stocks on the Nasdaq have 4 letters. Mutual funds have even more.
Ticker also means that when a stock goes up or down it ticks in a direction. This shows whether the stock is moving up in price or down in price. - 23217
The stock ticker-tape machine was invented in 1867 in the aftermath of the development of the telegraph machine. In those days, "pad shovers" were employed to feed the tape to brokers in their offices; brokers would set up offices as near as possible to the New York Stock Exchange, etc, so that they could get the feeds via wire as quickly as possible. With globalization and computers this sort of setup is clearly no longer needed.
When a new company goes public for trading they pick letters or symbols for their stock symbol. These symbols help businesses and investors avoid confusion and allow for public trading. The symbols help to avoid confusion from investors.
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 symbols are one of the most recognized form of symbols. Stocks on the NYSE have three letters. Stocks on the Nasdaq have 4 letters. Mutual funds have even more.
Ticker also means that when a stock goes up or down it ticks in a direction. This shows whether the stock is moving up in price or down in price. - 23217
About the Author:
Find out What is Penny Stock Trading. You too can learn what is Penny Stock Trading.
posted by X - Men @ 4:31 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home