Broad Tape

DEFINITION of 'Broad Tape'

A modern version of the ticker tape produced by the Dow Jones news. The broad tape is posted on a screen in the boardroom of an investment firm. The broad tape provides a continual stream of investment, financial and business information for investors and brokers.

BREAKING DOWN 'Broad Tape'

The broad tape is widely available to investors and professionals in many forms. It can be found both on television and on the internet, as well as through private subscription. However, it is prohibited on the floors of the exchanges in order to prevent traders from reacting to the news faster than the public.

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RELATED FAQS
  1. What does churning mean?

    A. Trading with yourself, or with someone else in attempt to make the tape appear more active than it really is.B. Trading ... Read Answer >>
  2. Why do all mutual fund tickers have an X at the end?

    It's true that all mutual funds' tickers have an X at the end of their symbol. The reason for this is to distinguish between ... Read Answer >>
  3. Who or what is Dow Jones?

    Dow Jones, or more precisely "Dow Jones & Company", is one of the largest business and financial news companies in the ... Read Answer >>
  4. What is a stock ticker?

    A stock ticker is a report of the price for certain securities, updated continuously throughout the trading session by the ... Read Answer >>
  5. Can you buy shares in the Dow Jones Industrial Average (DJIA)?

    Invest in the Dow Jones Industrial Average index through index funds or ETFs. Read Answer >>
  6. Excessive trading is:

    A. acceptable if the client is young enough to recover from any losses before retiring.B. acceptable if the firm mandates ... Read Answer >>
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