For Late Tape we have terms and definitions in 3 topics. The topics are Finance, Frauds and Scams and Investing.

Late Tape (Finance)

A delay in the display of price changes on the tape of an exchange because of heavy trading. In severe instances the first digit of each price is intentionally deleted.

Late Tape (Frauds and Scams)

A delay is displaying price changes of securities. This usually occurs on an especially heavy trading day. When the tape is greater than five minutes late, the security's price is shown without its first number. For example, a trade that occurred at 43 1/8 will be displayed as 3 1/8.

Late Tape (Investing)

A delay is displaying price changes of securities. This usually occurs on an especially heavy trading day. When the tape is greater than five minutes late, the security's price is shown without its first number. For example, a trade that occurred at 43 1/8 will be displayed as 3 1/8.

See Also: Digits Deleted; Tape

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