Since the nineteenth century, these amazing devices have communicated the trading price for different stocks, in almost real time, to traders and investors. In all exchanges across the globe and on so many TV channels, the stock market ticker gives up-to-date information on prices of many stocks. Those little green and red numbers dart across the screen, giving folks vital information with which to make buying and selling decisions.
Thomas Edison is widely heralded for bringing tickers to America, but that may not be all that accurate. Actually, it started years before. The first ticker appeared in 1867 at the Gold Exchange on Wall Street. A ticker gave the gold price. On one side, facing the streets, customers could see the current price. The other side displayed prices to the traders inside the exchange. S. S. Law invented it.
Shortly after, the world's first telegraph-based machine was invented by one Edward Calahan. It churned out prices onto tape, making loud ticking noises as it did: so the name was born. Thomas Edison, the archetypal American inventor, improved the technology and his name remains synonymous with tickers. The last mechanical device was created in the 1960s, but things have now moved on even further.
Reuters and other agencies broadcast the market movements in real time via computer and broadcast technology. You can stand in Times Square, Piccadilly Circus, Beijing or Mexico City and see what is happening on the financial markets all around the world. The tickers keep rolling 24/7, 365 days of the year.
Now, the abbreviations for stocks or companies with their prices at the moment rolls across the screen. They form a lifeline for investors and brokers. People keep track of them online, through TV screens, laptops and cellular phones. These codes can be easily deciphered when you get in the know.
The first symbols denote the name of the item. So Bank of America is BAC and Walmart is WMT. The acronym or ticker symbol is standard across the world. Next, the amount of shares in a company that have been traded are shown. Then comes the price for the stock you can buy at now. Finally, red or green figures reflect how the price has changed today, down as well as up. Arrows of the same color code also help. You therefore have moment-to-moment information that's vital for playing financial markets.
Color is very important too. Usually, green shows the price has risen since the last market close. Red denotes a falling price. Blue or white shows that the price is not changing. Once you grasp it, reading market information is simple. It's nigh on impossible to think of markets working without tickers. Traders used to literally run to inform others of the price. Now, the markets and their potential profits can be available for all.
Nowadays, millions of transactions are made every day for thousands of stocks. Even with advanced computers, it's nigh on impossible for tickers to keep pace. That's why not all stocks on the NASDAQ or FTSE for example are displayed. Neither are all trades, in this fast-moving industry. But never take for granted the stock market ticker and the advantages it provides, every day.
Thomas Edison is widely heralded for bringing tickers to America, but that may not be all that accurate. Actually, it started years before. The first ticker appeared in 1867 at the Gold Exchange on Wall Street. A ticker gave the gold price. On one side, facing the streets, customers could see the current price. The other side displayed prices to the traders inside the exchange. S. S. Law invented it.
Shortly after, the world's first telegraph-based machine was invented by one Edward Calahan. It churned out prices onto tape, making loud ticking noises as it did: so the name was born. Thomas Edison, the archetypal American inventor, improved the technology and his name remains synonymous with tickers. The last mechanical device was created in the 1960s, but things have now moved on even further.
Reuters and other agencies broadcast the market movements in real time via computer and broadcast technology. You can stand in Times Square, Piccadilly Circus, Beijing or Mexico City and see what is happening on the financial markets all around the world. The tickers keep rolling 24/7, 365 days of the year.
Now, the abbreviations for stocks or companies with their prices at the moment rolls across the screen. They form a lifeline for investors and brokers. People keep track of them online, through TV screens, laptops and cellular phones. These codes can be easily deciphered when you get in the know.
The first symbols denote the name of the item. So Bank of America is BAC and Walmart is WMT. The acronym or ticker symbol is standard across the world. Next, the amount of shares in a company that have been traded are shown. Then comes the price for the stock you can buy at now. Finally, red or green figures reflect how the price has changed today, down as well as up. Arrows of the same color code also help. You therefore have moment-to-moment information that's vital for playing financial markets.
Color is very important too. Usually, green shows the price has risen since the last market close. Red denotes a falling price. Blue or white shows that the price is not changing. Once you grasp it, reading market information is simple. It's nigh on impossible to think of markets working without tickers. Traders used to literally run to inform others of the price. Now, the markets and their potential profits can be available for all.
Nowadays, millions of transactions are made every day for thousands of stocks. Even with advanced computers, it's nigh on impossible for tickers to keep pace. That's why not all stocks on the NASDAQ or FTSE for example are displayed. Neither are all trades, in this fast-moving industry. But never take for granted the stock market ticker and the advantages it provides, every day.
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