Digits Deleted

Filed Under » ,
Dictionary Says

Definition of 'Digits Deleted'

A designation on an exchange's ticker tape that refers to the absence of one or more price digits caused by tape delay. Digits deleted comes into effect when the tape announcements start falling too far behind trading activity. Only the last digit and fraction are reported until the tape catches up.
Investopedia Says

Investopedia explains 'Digits Deleted'

By deleting digits, the tape saves space and is able to report more prices in a shorter amount of time. When the tape catches up with the trading activity, the numbers begin reporting as normal. The end of digits deleted is known as digits resumed.

For example, the price of 34 1/5 would become 4 1/5 under digits deleted.

Related Definitions

  • Fighting The Tape

    The action of placing a trade or trades that go against the ticker tape. Fighting the tape is viewed as a contrarian stance, as traders who choose to trade against the tape are taking ...
    Read More »
  • Ticker Tape

    A computerized device that relays financial information to investors around the world, including the stock symbol, the latest price and the volume on securities as they are traded.
    Read More »
  • Painting The Tape

    An illegal action by a group of market manipulators buying and/or selling a security among themselves to create artificial trading activity, which, when reported on the ticker tape, ...
    Read More »
    • Fast Tape

      A type of futures market that occurs when a single traded price is unavailable because of the rapid and large number of transactions occurring in the pit or ring.
      Read More »
    • Tape Is Late

      A situation on the trading floor where trading volume is so heavy that the real-time ticker quotes are delayed by a minute or two. When the tape is late some price or volume digits will ...
      Read More »

Articles Of Interest

Partner Links